In February, industrial production rose 9.6% over the same month last year, accelerating from a 6.5% expansion recorded in January, which had marked the slowest expansion in over a year. The February reading mainly reflects a strong 20.3% year-on-year expansion in electricity and gas supply, which bounced back from a 0.1% contraction observed in January. In addition, manufacturing output grew 13.3% in February, faster than the 11.4% increase registered in January. A month-on-month comparison confirms the faster expansion suggested by the annual figures, as industrial production grew 0.50% in seasonally adjusted terms, contrasting a 2.40% fall in January. The trend continues to point to a speedy recovery in the industrial sector. The annual average growth in industrial production rose from 14.3% in January to 14.8% in February, which represents the fastest rate in more than a decade.
Industrial output continues on the path to recovery
April 4, 2011
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Latvia Economic News
October 10, 2016
In September, consumer prices increased 0.4% from the previous month, which contrasted August’s 0.6% decrease.
October 4, 2016
Industrial production in Latvia contracted 0.6% year-on-year in August, which contrasted the 2.6% increase in July.
September 8, 2016
In August, consumer prices fell 0.6% over the previous month and came in below July’s 0.3% decrease.
September 5, 2016
Industrial production in Latvia grew 2.7% year-on-year in July, which was down from 7.9% increase in June.
August 31, 2016
In the second quarter, Latvia’s economy increased 2.1% year-on-year, according to a revised set of data released by the Statistical Institute on 31 August.