Latvia Industry January 2017


Latvia: Industrial production eases in January

March 8, 2017

In January, industrial production grew 4.7% from the same month of last year, which followed December’s robust 11.5% reading. January’s expansion, the lowest in four months, was the result of gains made in the manufacturing and mining and quarrying sectors. Meanwhile, the electricity generation sector declined compared to December, but it was not enough to prevent January’s overall increase in industrial output.

In seasonally-adjusted terms, industrial production decreased 2.8% from the previous month in January (December: +0.1% month-on-month), marking the worst result since February 2013.

Analysts surveyed by FocusEconomics expect industrial production to expand 3.6% in 2017, which is unchanged from last month’s projection. For 2018, the panel expects growth in industrial output to remain at 3.6%.

Author:, Economist

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Latvia Industry Chart

Latvia Industry January 2017 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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