Latvia's industrial production expanded for the fourth straight month in December, an at an accelerated pace, figures from the Central Statistical Bureau showed Friday.
Industrial production surged a calendar-adjusted 11.5 percent year-over-year in December, faster than November's 11.2 percent spike.
Manufacturing production grew 11.7 percent annually in December and mining and quarrying output advanced by 16.2 percent.
On a monthly basis, industrial production edged up a seasonally adjusted 0.2 percent from November, when it rose by 2.8 percent. It was the fourth month of increase in a row.
For the whole year 2016, total industrial production was 4.9 percent higher than in the preceding year.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.