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In September, business environment continues to improve
Compared to August, in September 2020 business confidence indicators improved both in construction and industry, and in retail trade and services sector.
In August retail trade turnover grew by 4.4 %
Compared to August 2019, in August 2020 total retail trade turnover rose by 4.4 %. Compared to July, in August 2020, the total turnover of retail trade enterprises rose by 0.9 %.
In August, overall level of construction costs rose by 0.5 %
Compared to July, in August 2020, the level of construction costs in Latvia increased by 0.5 %. Compared to August 2019, construction costs rose by 1.4 %.
In August actual unemployment rate constituted 8.6 % and registered – 8.2 %
In August 2020 actual unemployment rate comprised 8.6 %, which is 0.3 percentage points more than in July.
In August passenger turnover at airport was four times smaller than a year ago
Passenger turnover at Riga International Airport in August this year has dropped by 77 %, as compared to August 2019.
During the month level of producer prices in industry remained the same
Compared to July, in August 2020 the level of producer prices in Latvian industry remained the same.
In the result of COVID-19 impact, in the 2nd quarter number of job vacancies has dropped by a third
At the end of the 2nd quarter of 2020 there were 20.0 thousand job vacancies in Latvia, which is 10.4 thousand vacancies or 34.2 % less than in the 2nd quarter of 2019.
In the 2nd quarter of 2020 hourly labour costs rose by 6.2 %
Compared to the 2nd quarter of 2019, in the 2nd quarter of 2020 hourly labour costs increased by 6.2 % or 60 cents, reaching EUR 10.27. Seasonally adjusted data comprised 4.0 %.
In the eight months marriages were registered less by 18 % than a year ago
In the eight months of this year 7 406 marriages were registered in Latvia, which is 1 665 marriage or 18 % less than in the respective period of 2019.
Agricultural Census 2020 is continuing
In July number of visitors from Lithuania, Estonia and Finland increased significantly
In July 2020 the number of foreign and resident visitors comprised 298.9 thousand, which is 25.3 % less than in July 2019.
In July foreign trade turnover of Latvia was 3.5 % less than a year ago
In July 2020 the foreign trade turnover of Latvia amounted to EUR 2.38 billion, which at current prices was 3.5 % less than a year ago.
The average level of consumer prices reduced by 0.2 % over the year
In August 2020, compared to August 2019, the average level of consumer prices decreased by 0.2 %.
During the last ten years consumption of renewable energy resources increased by more than 25 %
Edited: During the last ten years consumption of renewable energy resources increased by more than 25 %
Edited: In 2019 gross consumption of renewable energy sources in Latvia amounted to 75.5 petajoules .
In 2019 gross consumption of renewable energy sources in Latvia amounted to 75,5 petajoules.
In July manufacturing has reached the best result of this year
Compared to July 2019, in July 2020, manufacturing production output rose by 1.8 % (according to calendar adjusted data at constant prices).
In the 1st half decrease recorded in freight transport both by land and by sea
In the 1st half of 2020 compared to the 1st half of 2019, freight carried in transport by land and pipeline has reduced by 18.1 %, but at ports – by 30.1 %.
Under the impact of Covid-19, passenger traffic in the first half has reduced significantly
In the 1st half of 2020, compared to the 1st half of 2019, passenger traffic by all modes of transport has reduced.
In August business confidence indicator in retail trade has reached positive value
in August 2020, as compared to July, business confidence indicators have improved in construction, retail trade and services sector, but slightly reduced – in industry.
Annual increase of average wages and salaries – 3.9 %
Compared to the 2nd quarter of 2019, in the 2nd quarter of 2020 the average gross wages and salaries for full-time work increased by 3.9 % or EUR 42 and comprised EUR 1 118.