Industry in Latvia
Latvia - Industry
Industrial output growth hits six-month high in June
Industrial production rose 4.4% in annual working-day adjusted terms in June, up from a 1.7% year-on-year increase in May. June’s acceleration, which marked the strongest output growth since December 2018, was entirely driven by a surge in electricity and gas supply.
Meanwhile, manufacturing production growth decelerated notably from the previous month in June, largely due to tumbling manufacture of chemicals and chemical products, and machinery and equipment. This, coupled with a sharper contraction in the mining and quarrying industry, weighed on overall output growth in June.
Lastly, annual average industrial production growth edged up to1.1% in June, from 0.7% in May. Furthermore, in seasonally-adjusted terms, industrial production rose 1.6% in June, accelerating from the previous month’s 2.1% increase.
FocusEconomics panelists expect industrial production to expand 1.8% in 2019, unchanged 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||8.3|
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||1.11||0.65 %||Jul 31|
|Stock Market||1,039||0.17 %||Jul 31|
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August 12, 2019
Consumer prices fell 1.0% in July from the previous month in July, contrasting June’s 0.4% increase and marking the strongest monthly contraction since July 2015.
August 5, 2019
Industrial production rose 4.4% in annual working-day adjusted terms in June, up from a 1.7% year-on-year increase in May.
July 30, 2019
Economic momentum weakened further in the second quarter, according to preliminary national accounts data released by Latvia’s Statistical Institute on 30 July.
July 15, 2019
Consumer prices rose 0.4% from the previous month in June, up from May’s 0.2% increase.
July 4, 2019
Industrial output rose 1.7% in working day-adjusted year-on-year terms in May, contrasting April’s 2.4% contraction.