Latvia Industry March 2017


Latvia: Industrial output growth moderates in March but remains strong

May 8, 2017

Industrial production was 10.0% higher in March than in March 2016, which followed February’s 10.8% increase. March’s expansion was broad-based as the three sectors that make up the index recorded gains in the surveyed month. The electricity and gas supply sector led the way by growing an impressive 19.1%. Meanwhile, the mining and manufacturing sectors expanded at a more modest pace.

In seasonally-adjusted terms, industrial production grew 1.0% from the previous month in March, which followed the 3.2% expansion recorded in February.

Analysts surveyed by FocusEconomics expect industrial production to expand 3.7% in 2017, which is up 0.1 percentage points from last month’s projection. For 2018, the panel expects growth in industrial output to remain at 3.7%.

Author:, Economist

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Latvia Industry Chart

Latvia Industry March 2017

Note: Year-on-year changes and annual average growth of industrial production index in %.
Source: Statistics Latvia and FocusEconomics calculations.

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