Industry in Latvia

Latvia Industry | Economic News & Forecasts

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

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)-0.9  -1.1  3.6  5.4  8.5  

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Latvia Industry Chart

Latvia Industry
Note: Annual variation of industrial output in %.
Source: Central Statistical Bureau of Latvia and FocusEconomics calculations.

Latvia Facts

Bond Yield0.550.0 %Jun 30
Exchange Rate1.130.65 %Dec 14
Stock Market9640.17 %Dec 14

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