Industry in Latvia
Latvia - Industry
Industrial production contracts again in September
Industrial production output dropped 2.8% in year-on-year, calendar-day adjusted terms in September, slightly softer than August’s 2.9% fall.
September’s result was mainly driven by a milder decline in manufacturing production and a considerable pickup in mining and quarrying output. The electricity and gas sector, on the other hand, contracted at a sharper pace than in August.
On a monthly and seasonally-adjusted basis, industrial output rose 0.5% in September, rebounding from August’s 0.5% dip. Meanwhile, the trend deteriorated, with the annual average variation of industrial production coming in at minus 2.3% in September, below August's minus 1.5%.
FocusEconomics panelists expect industrial production to increase 4.1% in 2021, which is unchanged from last month’s forecast. In 2022, industrial output is seen expanding 3.1%.
Latvia - Industry Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 3.6 | 5.4 | 8.3 | 1.5 | 1.0 |
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 | 1.12 | 0.65 % | Dec 31 |
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Latvia: Industrial production contracts again in September
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