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Latvia: Industrial output rebounds in September

November 3, 2014

In September, industrial production expanded 1.3% over the same month last year. The reading contrasted the 0.4% decrease observed in August and marked the first increase after four consecutive months of contraction. September’s rebound was broad-based, but was particularly felt in manufacturing production and in mining and quarrying.

On a sequential basis, industrial production expanded a seasonally-adjusted 1.3% in September, which marked a notable improvement compared to the 0.2% decrease registered in August.

Annual average growth in industrial production inched up from minus 1.0% in August to minus 0.9% in September.

FocusEconomics Consensus Forecast panelists expect industrial production to rebound in 2014 and expand 1.6%, which is unchanged from the previous month’s projection. For 2015, the panel expects growth in industrial output to accelerate to 3.8%.


Author:, Senior Economist

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Latvia Industry September 2014 0

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


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