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Latvia Industrial production October 2023

Latvia: Industrial output expands at quickest pace since November 2022 in October

Industrial output rose 0.5% year on year in October (September: -2.7% yoy). October’s figure marked the best reading since November 2022. The turnaround was primarily due to an improvement in manufacturing and electricity and gas supply output.

On a seasonally adjusted monthly basis, industrial output rose at a quicker rate of 1.5% in October (September: +0.6% mom). Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 5.2% in October, down from September’s minus 4.6% reading.

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