Industrial Production in Latvia increased 8.40 percent in July of 2021 over the same month in the previous year. source: Central Statistical Bureau of Latvia

Industrial Production in Latvia averaged 3.87 percent from 2000 until 2021, 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 September of 2021.

Industrial Production in Latvia is expected to be 2.70 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 3.30 percent in 2022 and 4.00 percent in 2023, according to our econometric models.

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Latvia Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
8.40 20.70 23.20 -26.00 2000 - 2021 percent Monthly
2010=100, WDA

Calendar GMT Actual Previous Consensus TEForecast
2021-06-03 10:00 AM Apr 20.5% 4.7% 9.7%
2021-07-05 10:00 AM May 10.1% 20.5% 12.5%
2021-08-03 10:00 AM Jun 7.6% 10.1% 6.5%
2021-09-03 12:00 PM Jul 8.4% 20.7% 6.5%
2021-10-05 10:00 AM Aug
2021-11-03 11:00 AM Sep
2021-12-03 11:00 AM Oct

News Stream
Latvia Industrial Output Continues to Rise in May
Industrial output in Latvia rose 10.1 percent year-on-year in May of 2021, easing from a 20.5 percent surge in the previous month. Production advanced in all sectors: manufacturing (11.0 percent vs 20.3 percent in April); mining & quarrying (4.6 percent vs 15.0 percent); and electricity & gas supply (3.8 percent vs 23.1 percent). On a monthly basis, industrial output dropped 2.3 percent, after a 2.6 percent gain in April.
Latvia Industrial Output Growth Soars in April
Industrial production in Latvia surged 20.5 percent year-on-year in April of 2021, from a 4.7 percent jump in the previous month. It was the fastest pace since October of 2010, due to low base effects from the pandemic’s outbreak. Industrial output contracted 9.2 percent in April of 2020. Production thrived across all groups: manufacturing (20.3 percent vs 3.9 percent in March); electricity and gas supply (23.1 percent vs 7.4 percent) and mining & quarrying (15.0 percent vs 11.2 percent). On a monthly basis, industrial output jumped 2.6 percent, following a 0.5 percent gain in March.
Latvia Industrial Output Growth Picks Up to 4.7% YoY in March
Industrial production in Latvia rose 4.7 percent year-on-year in March of 2021, accelerating from an upwardly revised 2.7 percent rise in the previous month. Output advanced faster for manufacturing (3.8 percent vs 1.3 percent in February) and mining & quarrying production rebounded (11.2 percent vs -8 percent). Meantime, production of electricity and gas supply slowed (7.4 percent vs 8.8 percent). On a monthly basis, industrial output went up 0.5 percent, following an upwardly revised 1.1 percent gain in February.
Latvia Industrial Output Growth Slows to 1.5% YoY in February
Industrial production in Latvia increased 1.5 percent year-on-year in February of 2021, easing from an upwardly revised 2.9 percent rise in the previous month. Output growth slowed for manufacturing (0.8 percent vs 2.3 percent in January), but accelerated for electricity and gas supply (8.8 percent vs 7.5 percent). Nevertheless, production in the mining & quarrying sector contracted sharply (-8.0 percent vs 4.0 percent). On a monthly basis, industrial production rose by 0.6 percent, after a downwardly revised 1.5 percent fall in the month prior.

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.