Industrial production in Latvia dropped 3 percent over a year earlier in August 2020, after rising 0.1 percent in the previous month, amid the coronavirus crisis. Manufacturing output declined 1.5 percent, following a 1.8 percent increase in July; while mining production growth slowed (1.8 percent from 11.5 percent). In contrast, electricity and gas supply output fell at a softer pace (-11.7 percent from -14.1 percent). On a monthly basis, industrial production went down 0.4 percent, after a 0.8 percent drop in July.

Industrial Production in Latvia averaged 3.73 percent from 2000 until 2020, 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 October of 2020. source: Central Statistical Bureau of Latvia

Industrial Production in Latvia is expected to be -0.50 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 1.80 in 12 months time. In the long-term, the Latvia Industrial Production is projected to trend around 2.00 percent in 2021 and 4.00 percent in 2022, according to our econometric models.

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Latvia Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-3.00 0.10 23.20 -25.90 2000 - 2020 percent Monthly
2010=100, WDA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-06 10:00 AM Industrial Production YoY May -6.4% -9.2% -10.5%
2020-08-03 10:00 AM Industrial Production YoY Jun -0.3% -6.2% -3%
2020-09-03 10:00 AM Industrial Production YoY Jul 0.1% -0.3% 1.8%
2020-10-05 10:00 AM Industrial Production YoY Aug -3% 0.1% 0.7%
2020-11-03 11:00 AM Industrial Production YoY Sep -3% -1%
2020-12-04 11:00 AM Industrial Production YoY Oct


News Stream
Latvia Industrial Output Falls 3% YoY in August
Industrial production in Latvia dropped 3 percent over a year earlier in August 2020, after rising 0.1 percent in the previous month, amid the coronavirus crisis. Manufacturing output declined 1.5 percent, following a 1.8 percent increase in July; while mining production growth slowed (1.8 percent from 11.5 percent). In contrast, electricity and gas supply output fell at a softer pace (-11.7 percent from -14.1 percent). On a monthly basis, industrial production went down 0.4 percent, after a 0.8 percent drop in July.
2020-10-05
Latvia Industrial Output Rebounds in July
Industrial production in Latvia increased 0.1 percent year-on-year in July 2020, rebounding from a 0.3 percent drop in the previous month. It was the first rise in industrial output in five months, amid the easing of coronavirus lockdown restrictions. Manufacturing output went up 1.8 percent, after declining 2.3 percent in June; and mining production jumped 11.5 percent, faster than a 9.3 percent rise. On the other hand, electricity and gas supply output dropped 14.1 percent, after increasing 8.3 percent in the prior month. On a monthly basis, industrial production fell 0.8 percent, following a 7.3 percent gain in June.
2020-09-03
Latvia Industrial Output Falls Softer in June
Industrial production in Latvia edged down 0.3 percent year-on-year in June of 2020, following a downwardly revised 6.2 percent fall in the previous month. Manufacturing output declined 2.3 percent, less than a 7 percent slump in May. In addition, production rose faster for electricity and gas supply (8.3 percent vs 0.2 percent) and mining & quarrying (9.3 percent vs 0.7 percent). On a monthly basis, industrial production climbed 7.5 percent, after an upwardly revised 5.2 percent rise in May.
2020-08-03
Latvia Industrial Output Drops 6.4% YoY in May
Industrial production in Latvia declined 6.4 percent year-on-year in May of 2020, following a 9.2 percent fall in the previous month. Output decreased at a softer pace for manufacturing (-7.4 percent vs -9 percent) and production rebounded for both electricity & gas supply (0.3 percent vs -10.8 percent) and mining & quarrying (0.6 percent vs -8.7 percent). On a seasonally adjusted monthly basis, industrial production rose 4.9 percent, rebounding from a 7.4 percent drop in April.
2020-07-06

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.