Industry in Latvia
Latvia - Industry
Industrial production rebounds in December
According to Latvia’s Central Statistical Bureau, industrial output jumped 4.5% in working day-adjusted year-on-year terms in December, compared to a 0.6% contraction in November. The print marked the first output growth since August and reflected a significant improvement in the electricity and gas supply sector, as well as healthy growth in the manufacturing, and mining and quarrying sectors.
Meanwhile, annual average industrial production growth edged down to an over three-year low of 2.2% in December, from 2.3% in the previous month. In seasonally-adjusted terms, industrial production rose 3.3% month-on-month in December, accelerating from November’s meager 0.9% increase and marking the strongest reading in 10 months.
Our panelists expect industrial production to expand 3.5% in 2019, unchanged from last month’s projection, and 3.1% in 2020.
Latvia - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -0.9 | -1.1 | 3.6 | 5.4 | 8.5 |
Latvia Industry Chart
Source: Central Statistical Bureau of Latvia and FocusEconomics calculations.
Latvia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.55 | 0.0 % | Jun 30 |
| Exchange Rate | 1.13 | 0.65 % | Feb 20 |
| Stock Market | 993 | 0.17 % | Feb 20 |
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Economic News
Latvia: Inflation increases in January
February 20, 2019
Consumer prices rose 0.5% from the previous month in January, following December’s 0.4% dip.
Latvia: Industrial production rebounds in December
February 4, 2019
According to Latvia’s Central Statistical Bureau, industrial output jumped 4.5% in working day-adjusted year-on-year terms in December, compared to a 0.6% contraction in November.
Latvia: Growth picks up in the fourth quarter
January 30, 2019
According to a flash estimate released by the Statistical Institute on 30 January, the economy expanded 5.0% in year-on-year terms in the fourth quarter of 2018, up slightly from the third quarter’s sturdy 4.8% increase.
Latvia: Inflation eases in December
January 16, 2019
Consumer prices fell 0.4% from the previous month in December, compared to a near-flat reading in the previous month (November: - 0.1% month-on-month).
Latvia: Industrial production continues to fall in November
January 3, 2019
According to Latvia’s Central Statistical Bureau, industrial output fell 0.6% in working day-adjusted year-on-year terms in November, improving somewhat from the 1.9% drop recorded in October.
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