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As compared to September, in October 2016 Latvian foreign trade turnover at current prices grew by 4.1 %, as the exports value of goods rose by 1.9 % and the imports value increased by 6.1 %. In October, Latvia exported goods in the amount of EUR 971.3 mln, and imported goods in the amount of EUR 1.1 bln. The foreign trade balance worsened, as exports in the total foreign trade value dropped to 46.8 % (in September – 47.8 %).


New data have been published in sections: Consumer prices; Producer prices; Industry.


During the year (in November 2016, compared to November 2015) the average level of consumer prices increased by 1.3 %. Prices of goods grew by 0.6 % and prices of services by 2.9 %.


Compared to October 2015,  in October 2016 industrial production output increased by 6.7 % (according to calendar adjusted data at constant prices). Production output rise in manufacturing comprised 7.0 %, in mining and quarrying 9.8 %, and in electricity and gas supply 5.1 %.


New data have been published in sections: Producer prices; Gross domestic product; Business Tendency; Enterprises finance; Employment and unemployment; Wages and salaries; Social security; Trade and services; Industry; Transport; Crop production; Livestock; Energy; Science.


As compared to the 3rd quarter of 2015, in the 3rd quarter of 2016 the volume of freights carried by land and pipeline transport has decreased by 1.8 million tonnes or 5.5 %. The most notable drop in the volume of freights carried was recorded in rail transport – of 2.3 million tonnes or 18.9 %.


Compared to October 2015, total retail trade turnover in October 2016 rose by 0.2 %. Turnover of retail trade in food products decreased by 2.7 %, whereas the turnover of retail trade in non-food products increased by 2.0 %.


In the 3rd quarter of 2016, as compared to the 2nd quarter, gross domestic product (GDP) at constant prices increased by 0.2 %, according to seasonally and calendar adjusted data. In the 3rd quarter of the present year, as compared to the corresponding period of 2015, GDP grew by 0.3 % according to both – seasonally and calendar adjusted data, as well as non-adjusted data.


In the 3rd quarter of 2016 the average monthly gross wages and salaries in the country amounted to 847 euros. Compared to the 3rd quarter of 2015, average wages and salaries have grown by 18 euros or 2.2 %, indicating a lower annual increase than in the 2nd quarter of the present year (3.3 %). 


Compared to September, in October 2016 the level of construction costs in Latvia dropped by 0.1 %. Prices of building materials, as well as maintenance and operational costs of machinery and equipment reduced by 0.2 %, whereas labour remuneration of workers grew by 0.3 %.

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