Industry in Latvia
Latvia - Industry
Industrial output tumbles in April
Industrial output dipped 2.4% in working day-adjusted year-on-year terms in April, contrasting March’s 1.5% increase. April’s deterioration reflected a profound contraction in the electricity and gas supply sector, following an already marked drop in March, as well as softer manufacturing output growth. On a more positive note, mining and quarrying output growth accelerated in April.
Meanwhile, annual average industrial production growth slowed from 0.7% in March to 0.5% in April, the weakest reading in four years. Lastly, in seasonally-adjusted terms, industrial production fell 2.0% month-on-month in April, contrasting previous month’s 0.7% increase.
FocusEconomics panelists expect industrial production to expand 2.6% 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 % | Jun 20 |
| Stock Market | 1,025 | 0.17 % | Jun 20 |
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Economic News
Latvia: Industrial output tumbles in April
June 4, 2019
Industrial output dipped 2.4% in working day-adjusted year-on-year terms in April, contrasting March’s 1.5% increase.
Latvia: Growth sinks to an over two-year low in Q1
May 31, 2019
A second reading of national accounts data revealed that the economy grew at a slightly faster pace than previously estimated in the first quarter of the year.
Latvia: Industrial output rebounds in March
May 7, 2019
Industrial output increased 1.5% in working day-adjusted year-on-year terms in March, contrasting February’s 3.2% fall, which had marked the worst result in over five years.
Latvia: Growth decelerates in Q1
April 30, 2019
Growth decelerated to 2.8% in year-on-year terms in the first quarter of the year, down sharply from the previous quarter’s 5.1% increase and marking the weakest expansion since Q3 2016.
Latvia: Inflation inches down in March
April 15, 2019
Consumer prices rose 1.1% from the previous month in March, accelerating sharply from February’s 0.1% increase.
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