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Tuesday, December 11, 2007

Latvia Industrial Output October 2007

Compared to September 2007, industrial output in October 2007 decreased by 1.7%, according to seasonally adjusted data from the Latvian the Central Statistical Bureau. Manufacturing fell by 2.1%, while electricity, gas and water supply fell by 0.9%. On the other hand in mining and quarrying output increased by 3.7%.

When compared with October 2006, in October 2007 total seasonally adjusted industrial production output fell by 1.6%. Output in manufacturing decreased by 6.7%, while in electricity, gas and water supply there was an increase of 15.4%, and output in mining and quarrying increased by 17.3%. I think the following chart makes the trend reasonably clear.

And then is we trun to the data for manufacturing only, well, here's your slowdown, or at least one part of it, clear for the eye to see I would say:

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