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In May, industrial production output fell by 6.4 %
Compared to May 2019, in May 2020, industrial production output dropped by 6.4 % (according to calendar adjusted data at constant prices), and it was affected by the output reduction in manufacturing by 7.4 %.
In 2019, rise in forest regeneration and tending costs observed
In 2019, the average forest regeneration costs in Latvia comprised 705–860 EUR/ha, depending on the forest land quality group.
In June, business environment is improving
As compared to May, in June 2020, confidence indicators have improved, however, they still are negative.
In May, overall level of construction costs rose by 0.1 %
Compared to April, in May 2020, the level of construction costs in Latvia increased by 0.1 %. Compared to May 2019, construction costs rose by 1.4 %.
In May retail trade turnover fell by 0.6 %
Significant increase in electricity consumption in transport sector
In 2019 gross energy consumption in Latvia comprised 196.7 petajoules, which is 2.4 % less than in 2018.
In May level of producer prices in industry reduced by 0.8 %
Compared to April, in May 2020 level of producer prices in Latvian industry fell by 0.8 %.
In May actual unemployment rate constituted 9.6 % and registered 8.4 %
In May 2020 actual unemployment rate in Latvia constituted 9.6 %, which is 0.4 percentage points more than in April.
In May passenger turnover at airport fell by 98.6 %
Compared to May of previous year, passenger turnover at Riga International Airport dropped by 98.6 %. As has the volume of cargo and post loaded and unloaded (it dropped by 49.4 %).
In May two times fewer marriages were registered than a year ago
Traditionally summer is wedding season and increase in the marriage number may be observed already in May. In May of this year 465 marriages were registered in Latvia, which is 469 marriages or two times fewer than in May of 2019.
Females on average earn 15.9 % less than males
In 2019 the average gross hourly earnings of females were 15.9 % smaller than those of males, moreover the gap has risen by 1.8 percentage points, compared to 2018.
Monthly household consumption expenditure on average reached EUR 423 per household member in 2019
In 2019 household consumption expenditure constituted on average EUR 423 per household member monthly.
Number of job vacancies has dropped by 35.5 % in the 1st quarter
At the end of 1st quarter of 2020 there were 18.5 thousand job vacancies in Latvia, which is 10.2 thousand vacancies or 35.5 % less than in the 1st quarter of 2019.
A year after graduation of higher education institution four out of five graduates work
At the end of 2018, 81.4 % of graduates 2017 were employed, 2.9 % of graduates had registered unemployed status, but 8.2 % – were economically inactive.
In April foreign trade turnover of Latvia was 21.4 % less than a year ago
In April 2020 the foreign trade turnover of Latvia amounted to EUR 1.92 billion, which at current prices was 21.4 % less than a year ago, of which the exports value of goods dropped by 13.9 %, but imports value of goods – by 27.4 %.
The average level of consumer prices reduced by 0.6 % over the year
In May 2020, compared to May 2019, the average level of consumer prices decreased by 0.6 %. Prices of goods fell by 1.6 %, while prices of services rose by 1.8 %.
In 2019, Latvian residents went on 10.4 million domestic trips
In 2019 Latvian residents went on 10.4 million trips in Latvia, which is 4.9 % less than a year ago, and spent EUR 363.2 million, 8.8 % more than a year ago.
In April, the number of visitors in tourist accommodation establishments in Latvia fell by 93.6 %
In April 2020 the number of foreign and resident visitors comprised 13.2 thousand, which is 93.6 % less than in April 2019. As compared to April of the previous year, the number of nights spent by visitors has reduced by 86.6 % and comprised 53.7 thousand nights.
In April 2020, 22 % of employees in Latvia worked remotely
In April 2020, slightly more than one fifth (22.0 %) of employees aged 15–74 years worked remotely¹.