Industrial production growth in Latvia slowed to 3.7 percent year-on-year in April of 2022, from 6.3 percent in the previous month. Output eased significantly for manufacturing (5.3 percent vs 10 percent) and declined sharply for mining and quarrying (-11.1 percent vs 9.2 percent in March), although fell at a softer pace for electricity and gas supply (-1.5 percent vs -18.6 percent). On a monthly basis, industrial production edged 0.1 percent lower, compared to a 3.5 percent rise in the previous month. source: Central Statistical Bureau of Latvia

Industrial Production in Latvia averaged 3.83 percent from 2000 until 2022, reaching an all time high of 23.20 percent in October of 2010 and a record low of -26 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 July of 2022.

Industrial Production in Latvia is expected to be 3.50 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 2.00 percent in 2023 and 4.00 percent in 2024, according to our econometric models.

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Latvia Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2022-05-05 10:00 AM Mar 6.3% -0.6% -1.2%
2022-06-03 10:00 AM Apr 3.7% 6.3% 4.8%
2022-07-04 10:00 AM May 3.7% 5%


Related Last Previous Unit Reference
Business Confidence -0.20 -0.60 points May 2022
Industrial Production Mom -0.10 3.50 percent Apr 2022
Industrial Production 3.70 6.30 percent Apr 2022
Manufacturing Production 5.30 10.00 percent Apr 2022
Car Registrations 3710.00 2874.00 Mar 2022
Mining Production -11.10 9.20 percent Apr 2022
Changes In Inventories 546074.00 87482.00 EUR Thousand Mar 2022

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
3.70 6.30 23.20 -26.00 2000 - 2022 percent Monthly
2010=100, WDA

News Stream
Latvia Industrial Output Growth Eases in April
Industrial production growth in Latvia slowed to 3.7 percent year-on-year in April of 2022, from 6.3 percent in the previous month. Output eased significantly for manufacturing (5.3 percent vs 10 percent in March) and declined sharply for mining and quarrying (-11.1 percent vs 9.2 percent), although fell at a softer pace for electricity and gas supply (-1.5 percent vs -18.6 percent). On a monthly basis, industrial production edged 0.1 percent lower, compared to a 3.5 percent rise in the previous month.
2022-06-03
Latvia Industrial Output Growth Shrinks in February
Industrial production growth in Latvia fell 0.6 percent year-on-year in February of 2022, compared to a 5.9 percent rise in the previous month. It was the sharpest contraction in industrial activity since October of 2020 as output declined faster for electricity and gas supply (-19.9 percent vs -10.8 percent in January) and eased significantly for manufacturing (2.5 percent vs 9.3 percent). On the other hand, production accelerated for mining and quarrying (15.2 percent vs 9.4 percent). On a monthly basis, industrial production contracted 2.5 percent following an upwardly revised 0.8 percent decline in the previous month.
2022-04-04
Latvia Industrial Output Growth Eases in January
Industrial production growth in Latvia slowed to 5.9 percent year-on-year in January of 2022, from 7.1 percent in the previous month. It was the smallest gain in industrial activity since November last year as output declined significantly for electricity and gas supply (-10.8 percent vs 18 percent in December). Meanwhile, output increased at a faster pace for manufacturing (9.3 percent vs 5.9 percent) and rebounded for mining and quarrying (9.4 percent vs -11.5 percent. On a monthly basis, industrial production fell 0.7 percent compared to a downwardly revised 3.3 percent rise in the previous month.
2022-03-07