Latvia Industrial Output Growth Slows to 5-Month Low

Latvia’s industrial production rose 6.2% year-on-year in May 2026, easing from a 7% gain in the previous month. This marked the softest growth since December 2025, as activity moderated in manufacturing (6.1% vs 6.8% in April), driven largely by a slowdown in the production of dairy products (8.5% vs 13.0%), printing and reproduction of recorded media (2.8% vs 12.2%), rubber and plastic products (13.8% vs 14.5%), electrical equipment (5.9% vs 6.3%), and other manufacturing (4.6% vs 17.1%). At the same time, activity decreased in electricity, gas, steam, and air-conditioning supply (10.5% vs 12.1%). Meanwhile, production recovered sharply in mining and quarrying (2.5% vs -8.3%). On a monthly basis, industrial activity grew by 0.4% in May, following a flat reading in the preceding period.

Latvia’s industrial production rose 7% year-on-year in April 2026, easing from a 9.5% jump in the previous month. Growth slowed in electricity, gas, steam, and air-condition supply (12.1% vs 34.6% in March). On the other hand, output increased in manufacturing (6.8% vs 4.3%), lifted by higher production in wearing apparel (26.2% vs 3.1%), wood and wood products (1.6% vs 0.5%), printing and reproduction of recorded media (12.2% vs 1.9%), chemical and chemical products (16.6% vs 15.9%), and basic metals (12.3% vs 7.4%). Additionally, output declined at a softer pace in mining and quarrying (-8.3% vs -21.5%). On a monthly basis, industrial production grew by 0.1% in April, slowing from a 1.3% increase in the preceding period.

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.