Latvia Industrial Production Grows For Fourth Month

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.

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