Latvia: Industrial Sector Grows Significantly

BusinessEconomy ♦ Published: February 11, 2013; 13:46 ♦ (Vindobona)

Data of the Central Statistical Bureau show that, compared to 2011, manufacturing turnover1 at current prices in 2012 increasedby 11.9%, of which in domestic market by 5.7% and in export - by 18.2%. However, the growth flattens.

Latvia: Industrial Sector Grows Significantly / Picture: ©

The most notable rise among all manufacturing sectors was recorded in repair and installation of machinery and equipment (repair and maintenance of ships and boats, repair of fabricated metal products, machinery and equipment, installation of industrial machinery and equipment) – of 59.9% (increase in both domestic market and export), in manufacture of electrical equipment - of 36.7%…