Latvia: Industrial production decelerates in April
Latest reading: Industrial production was up 7.0% on a calendar-adjusted year-on-year basis in April, following a 9.5% rise in the prior month.
Relative to the prior month’s figures, the reading for electricity and gas supply worsened in April (+12.1% in annual terms vs +34.6% in March). In contrast, readings picked up for manufacturing (+6.8% vs +4.4% in March) and mining and quarrying (-8.3% vs -21.4% in March).
In seasonally adjusted month-on-month terms, industrial production increased 0.1% in April, following a 1.2% increase in the prior month.