Industry in Latvia
Latvia - Industry
Industrial output growth surges to 19-month high in September
Industrial production jumped 7.0% in annual working-day adjusted terms in September, accelerating from August’s 2.0% increase and marking the strongest expansion since February 2018.
September’s upturn was driven by marked increase in electricity and gas supply as well as stronger manufacturing sector activity. Manufacturing output growth accelerated against the backdrop of a considerable increase in repair and installation of machinery and equipment as well as soaring production of electrical equipment and of computer, electronic and optical products. On a less positive note, mining and quarrying output contracted again in the same month, weighing on the overall result.
In seasonally-adjusted terms, industrial production rose 1.2% in September, down from 3.1% in August. That said, annual average industrial production growth jumped to 1.0% from 0.3% in August.
FocusEconomics panelists see harmonized inflation averaging 2.4% in 2020, which is up 0.1 percentage points from the previous month’s forecast, and 2.3% in 2021.
Latvia - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -0.9 | -1.1 | 3.6 | 5.4 | 8.3 |
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 | 1.10 | 0.65 % | Sep 04 |
| Stock Market | 1,025 | 0.17 % | Sep 04 |
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Economic News
Latvia: Inflation falls to 17-month low in October
November 8, 2019
Consumer prices rose 0.4% from the previous month in October, accelerating slightly from September’s 0.1% month-on-month uptick.
Latvia: Industrial output growth surges to 19-month high in September
November 4, 2019
Industrial production jumped 7.0% in annual working-day adjusted terms in September, accelerating from August’s 2.0% increase and marking the strongest expansion since February 2018.
Latvia: Growth accelerates but remains weak in Q3
October 30, 2019
According to preliminary national accounts data released by Latvia’s Statistical Institute on 30 November, GDP rose 2.8% year-on-year in the third quarter.
Latvia: Inflation falls to nine-month low in September
October 9, 2019
Consumer prices ticked up 0.1% from the previous month in September, down slightly from August’s 0.2% drop.
Latvia: Industrial production rebounds in August
October 4, 2019
Industrial production rose 2.0% in annual working-day adjusted terms in August, rebounding from July’s 1.3% dip.
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