Latvian industrial output contracted again in July 2008, indicating that GDP contraction will almost certainly continue into at least Q3 2008.
Industrial production at constant prices decreased in July 2008 by 0.7%, according to seasonal and working day adjusted data released today by the Latvia statistics office. Manufacturing was down by 1%, electricity, gas and water supply by 0.5%, while in mining and quarrying there was a monthly increase of 7.7%. The drop in industrial output was...
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