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 June 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.