Industrial production in Latvia decreased 1.9 percent year-on-year in October 2018, following a 1.2 percent drop in the previous month. It was the second consecutive decline in industrial activity, as output fell further for electricity and gas supply (-17.7 percent from -12.6 percent in September). On the other hand, production rose faster for manufacturing (3.3 percent from 2 percent) and mining & quarrying (6.3 percent from 2.7 percent). On a seasonally adjusted monthly basis, industrial output went down 1.3 percent, after an upwardly revised 3.5 percent fall in September. Industrial Production in Latvia averaged 4.14 percent from 2001 until 2018, reaching an all time high of 23.30 percent in October of 2010 and a record low of -26.70 percent in February of 2009.

Industrial Production in Latvia is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Latvia to stand at 5.50 in 12 months time. In the long-term, the Latvia Industrial Production is projected to trend around 3.90 percent in 2020, according to our econometric models.

Latvia Industrial Production
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-03 10:00 AM Industrial Production YoY 3.6% 0.4% 0.8%
2018-10-04 10:00 AM Industrial Production YoY 6.5% 3.6% 0.9%
2018-11-05 11:00 AM Industrial Production YoY -1.2% 6.8% 4.2%
2018-12-04 11:00 AM Industrial Production YoY -1.9% -1.2% 4.8%
2019-01-04 11:00 AM Industrial Production YoY -1.9%
2019-02-05 11:00 AM Industrial Production YoY 3.80%
2019-03-06 11:00 AM Industrial Production YoY


Latvia Business Last Previous Highest Lowest Unit
Business Confidence -0.70 1.20 12.50 -44.70 Index Points [+]
Industrial Production -1.90 -1.20 23.30 -26.70 percent [+]
Industrial Production Mom -1.30 -3.50 5.20 -8.40 percent [+]
Manufacturing Production 3.30 2.00 27.70 -31.20 percent [+]
Capacity Utilization 75.90 77.40 77.40 43.70 percent [+]
Car Registrations 4192.00 4945.00 9388.00 1070.00 [+]
Internet Speed 16580.44 17189.85 18326.11 3101.80 KBps [+]
IP Addresses 878525.00 831199.00 878525.00 273180.00 IP [+]
Mining Production 6.30 2.70 124.30 -35.60 percent [+]
Changes In Inventories 208292.00 -30253.00 527499.00 -214170.00 EUR Thousand [+]
Competitiveness Index 66.25 64.80 66.25 4.05 Points [+]
Competitiveness Rank 42.00 42.00 70.00 42.00 [+]
Ease of Doing Business 19.00 19.00 31.00 14.00 [+]
Electricity Production 407.00 398.00 995.00 159.00 Gigawatt-hour [+]
Corruption Index 58.00 57.00 58.00 27.00 Points [+]
Corruption Rank 40.00 44.00 71.00 40.00 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-1.90 -1.20 23.30 -26.70 2001 - 2018 percent Monthly
2010=100, WDA




Country Last Previous
Argentina -6.80 Oct/18
Australia 2.80 Sep/18
Brazil 1.10 Oct/18
Canada 2.76 Aug/18
China 5.40 Nov/18
Euro Area 1.20 Oct/18
France -0.70 Oct/18
Germany 1.60 Oct/18
India 8.10 Oct/18
Indonesia 1.50 Sep/18
Italy 1.00 Oct/18
Japan 4.20 Oct/18
Mexico 1.00 Oct/18
Netherlands 0.80 Oct/18
Russia 2.40 Nov/18
Saudi Arabia 5.84 Jun/18
Singapore 4.30 Oct/18
South Africa 3.00 Oct/18
South Korea 10.70 Oct/18
Spain 0.80 Oct/18
Switzerland 1.40 Sep/18
Turkey -5.70 Oct/18
United Kingdom -0.80 Oct/18
United States 3.90 Nov/18


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