Latvia skyline

Latvia Industry May 2020

Latvia: Industrial activity falls at softer pace in May

Industrial output slid 6.4% in year-on-year terms in May, which was a smaller drop than April’s 9.2% decrease.

The softer contraction was primarily driven by a less sharp drop in manufacturing production, and a mild rebound in mining and quarrying activity.

On a seasonally-adjusted monthly basis, industrial production rebounded 4.9% in May (April: -7.4% mom), the best result since January 2010. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 0.9% in May, down from April’s minus 0.2% reading.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest