Industry in Latvia
Latvia - Industry
Industrial production falls again in October
Industrial output fell 1.9% in October from the same month last year, the second consecutive month of contraction (September: -1.2% year-on-year). The print marked the worst reading in nearly four years and reflected a significant contraction in the electricity and gas supply sector which more than offset higher manufacturing as well as mining and quarrying output.
Meanwhile, annual average industrial production growth fell from 3.2% in September to 2.6% October, marking a three-year low. In addition, in seasonally-adjusted terms, industrial production fell 1.3% month-on-month in October, only a slight improvement from a 3.5% contraction in September.
Latvia Industrial Production Forecast
Our panelists expect industrial production to expand 3.5% in 2019, down 0.1 percentage points from last month’s projection, and 3.1% in 2020.
Latvia - Industry Data
|Industrial Production (annual variation in %)||-0.9||-1.1||3.6||5.4||8.5|
5 years of economic forecasts for more than 30 economic indicators.
Latvia Industry Chart
Source: Central Statistical Bureau of Latvia and FocusEconomics calculations.
|Bond Yield||0.55||0.0 %||Jun 30|
|Exchange Rate||1.13||0.65 %||Dec 14|
|Stock Market||964||0.17 %||Dec 14|
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December 12, 2018
Consumer prices fell 0.1% from the previous month in November, compared to a 0.7% month-on-month increase in October.
December 3, 2018
Industrial output fell 1.9% in October from the same month last year, the second consecutive month of contraction (September: -1.2% year-on-year).
November 30, 2018
A comprehensive GDP release confirmed that annual growth lost some traction in the third quarter, coming in at 4.7% (previously reported: +4.8% year-on-year), down from 5.3% in the second quarter.
November 14, 2018
Consumer prices rose 0.7% over the previous month in October, broadly unchanged from September’s 0.6% month-on-month increase in prices.
November 2, 2018
Industrial output fell 1.2% in September from the same month last year, swinging from a revised 6.8% expansion in August (previously reported: +6.5% year-on-year).