Latvia’s industrial production rose 9.5% year-on-year in March 2026, following an upwardly revised 6.4% increase in the previous month. Manufacturing output rebounded to 4.4% from a 2% decline in February, driven by gains in food products (8.7% vs 3.2%), chemicals and chemical products (15.9% vs 6.5%), and recoveries in wearing apparel (3.2% vs -14.4%), wood and wood products excluding furniture, manufacture of articles of straw and plaiting materials (0.5% vs -4.9%), printing and reproduction of recorded media (1.9% vs -9.5%), and rubber and plastic products (27.7% vs -13.5%). At the same time, output in electricity, gas, and supply continued to increase (34.6% vs 33.5%), while declines in mining and quarrying eased (-21.5% vs -37.2%). On a monthly basis, industrial production rebounded to 1.3% in March from a revised 0.6% decline in February. source: Central Statistical Bureau of Latvia

Industrial Production in Latvia increased 9.50 percent in March of 2026 over the same month in the previous year. Industrial Production in Latvia averaged 3.12 percent from 2001 until 2026, reaching an all time high of 23.20 percent in October of 2010 and a record low of -25.90 percent in March of 2009. This page provides the latest reported value for - Latvia Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Latvia Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on May of 2026.

Industrial Production in Latvia increased 9.50 percent in March of 2026 over the same month in the previous year. Industrial Production in Latvia is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Industrial Production is projected to trend around 3.50 percent in 2027 and 3.80 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-04-07 10:00 AM
Industrial Production YoY
Feb 4.0% 13.2% 9.0%
2026-05-07 10:00 AM
Industrial Production YoY
Mar 9.5% 6.4% 4.2%
2026-06-04 10:00 AM
Industrial Production YoY
Apr 9.5%


Related Last Previous Unit Reference
Business Confidence -0.30 1.00 points Apr 2026
Car Registrations 2040.00 1443.00 Units Mar 2026
Changes in Inventories 390317.00 -23405.00 EUR Thousand Dec 2025
Industrial Production YoY 9.50 6.40 percent Mar 2026
Industrial Production MoM 1.30 -0.60 percent Mar 2026
Manufacturing Production 4.40 -2.00 percent Mar 2026
Mining Production -21.50 -37.20 percent Mar 2026


Latvia Industrial Production
In Latvia, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.
Actual Previous Highest Lowest Dates Unit Frequency
9.50 6.40 23.20 -25.90 2001 - 2026 percent Monthly
2015=100, WDA

News Stream
Latvia Industrial Production Rises in March
Latvia’s industrial production rose 9.5% year-on-year in March 2026, following an upwardly revised 6.4% increase in the previous month. Manufacturing output rebounded to 4.4% from a 2% decline in February, driven by gains in food products (8.7% vs 3.2%), chemicals and chemical products (15.9% vs 6.5%), and recoveries in wearing apparel (3.2% vs -14.4%), wood and wood products excluding furniture, manufacture of articles of straw and plaiting materials (0.5% vs -4.9%), printing and reproduction of recorded media (1.9% vs -9.5%), and rubber and plastic products (27.7% vs -13.5%). At the same time, output in electricity, gas, and supply continued to increase (34.6% vs 33.5%), while declines in mining and quarrying eased (-21.5% vs -37.2%). On a monthly basis, industrial production rebounded to 1.3% in March from a revised 0.6% decline in February.
2026-05-07
Latvia Industrial Output Growth Slows in February
Latvia’s industrial production increased by 4% year-on-year in February 2026, easing from 13.2% in the previous month, which was the strongest growth since April 2021. Activity declined in manufacturing (-2.2% vs 1.3% in January), weighed down by slower pace of growth in food products (3.3% vs 7.8%) and persistent declines in beverages (-40.1% vs -12.7%), wearing apparel (-15.9% vs -15.2%), leather and related products (-16.9% vs -15.2%), wood products (-5.6% vs -3.8%), and repair and installation of machinery and equipment (-53.2% vs -43.3%). At the same time, output continued to fall in mining and quarrying (-37.2% vs -30.8%), while growth in electricity and gas supply moderated sharply (24.6% vs 57.1%). On a monthly basis, industrial production fell 1.3% in February 2026, reversing from 3.1% in January and marking the lowest level since March 2025.
2026-04-07
Latvia Industrial Output Growth Strongest Since 2021
Latvia’s industrial production advanced 13.2% year-on-year in January 2026, following a 1% growth in the previous month. This marked the highest reading since April 2021 as activity increased in the manufacturing sector (1.3% vs 0.2% in December 2025), with notable gains in the processing and preserving of fruits and vegetables (12.6% vs 1.6%), dairy products (17.8% vs 4.4%), rubber and plastic products (7.5% vs -5.1%), basic metals (29.2% vs 1%), and electrical equipment (13.2% vs 7.9%). At the same time, output rose sharply in electricity and gas supply (57.1% vs 8.8%). In contrast, activity declined at a faster pace in mining and quarrying (-30.8% vs -18.7%). On a seasonally adjusted monthly basis, industrial production grew by 3.2% in January, rebounding from a downwardly revised 0.8% drop in the preceding period.
2026-03-06