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.

Latvia’s industrial production rose by 1% year-on-year in December 2025, easing sharply from an upwardly revised 7.2% in the previous month. Output growth slowed in manufacturing (0.3% vs 9.1% in November), particularly in textiles (-12.3% vs -8.5%), paper and paper products (-5.5% vs -1.2%), and rubber and plastic products (-5.4% vs -4.9%). Other sub-sectors posted softer gains, including the processing and preserving of meat (10.8% vs 12.6%), fruit and vegetables (1.7% vs 20.6%), chemicals (3.5% vs 4.8%), and other non-metallic mineral products (11.9% vs 18.1%). On the other hand, activity increased in electricity and gas supply (8.8% vs 3.6%), while output dropped at a slower pace for mining and quarrying (-18.9% vs -25.2%). On a seasonally adjusted basis, industrial production fell by 1.4% in December, following an upwardly revised 0.4% decline in the preceding period.

Latvia’s industrial production rose by 6.9% year-on-year in November 2025, slowing from a three-month high of 6.9% growth in the previous month. The slowdown was driven by weaker performance in manufacturing (8.9% vs 9.5% in October) and electricity and gas supply (3.5% vs 10.1%), alongside a further decline in mining and quarrying (-25.9% vs -16.1%). Within manufacturing, output fall sharply in beverages (-22.8% vs -6.7%), basic metals (-19.9% vs -0.5%), textiles (-11.1% vs 2.0%), paper and paper products (-2.3% vs 4.7%), and rubber and plastic products (-6.2% vs 3.6%). Other sub-sectors posted softer growth, including manufacture of wood and wood products, excluding furniture (5.4% vs 7.0%), chemicals (5.6% vs 7.9%), computer, electronic and optical products (5.1% vs 29.2%), electrical equipment (8.1% vs 9.4%), and machinery and equipment (12.9% vs 16.1%). On a seasonally adjusted monthly basis, industrial production declined 0.6% in November, reversing a 1.4% increase in October.