Industry in Latvia
Latvia - Industry
Industrial production growth hits a six-month high in August
Industrial output soared 6.5% in August from the same month last year, up markedly from July’s 3.6% increase. August’s print marked the third consecutive month of accelerating output growth and the strongest reading in six months. The improvement was partly driven by increased production in the electricity and gas supply sector. Manufacturing production, meanwhile, rose at a faster pace than in the previous month, propping up the headline figure.
Meanwhile, annual average industrial production moderated to 4.4% in August from 4.9% in July, marking a near two-year low. Furthermore, in seasonally-adjusted terms, industrial production rose 2.3% month-on-month in August, picking up pace from July’s 1.7% increase.
Analysts surveyed by FocusEconomics expect industrial production to expand 4.3% in 2018, which is up 0.2 percentage points from last month’s projection. For 2019, the panel expects growth in industrial output of 3.9%, unchanged from previous month’s forecast.
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||1.15||0.65 %||Oct 22|
|Stock Market||939||0.17 %||Oct 22|
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October 17, 2018
Consumer prices rose 0.6% over the previous month in September, contrasting August’s 0.1% drop.
October 4, 2018
Industrial output soared 6.5% in August from the same month last year, up markedly from July’s 3.6% increase.
Latvia: Corruption dominates agenda as election looms; anti-establishment parties set to gain support
September 25, 2018
Latvians will head to the polls on 6 October against the backdrop of a series of corruption scandals this year that have rattled the halls of power and put the country under greater scrutiny by the EU. Most polls currently suggest the likeliest election outcome would be another coalition government led by the longstanding alliance between the Latvian Farmers’ Union and the Green Party intended to, once again, keep the pro-Russian and largest party in parliament, Harmony, out of government.
September 17, 2018
Consumer prices fell 0.1% over the previous month in August, moderating from July’s 0.8% contraction.
September 3, 2018
Industrial output jumped 3.6% in July from the same month last year, a significant improvement from June’s mere 0.4% increase.