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
|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||1.13||0.65 %||Jun 20|
|Stock Market||1,025||0.17 %||Jun 20|
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June 4, 2019
Industrial output dipped 2.4% in working day-adjusted year-on-year terms in April, contrasting March’s 1.5% increase.
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.
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.
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.
April 15, 2019
Consumer prices rose 1.1% from the previous month in March, accelerating sharply from February’s 0.1% increase.