Industry in Latvia

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Latvia - Industry

Industrial production rebounds in December

According to Latvia’s Central Statistical Bureau, industrial output jumped 4.5% in working day-adjusted year-on-year terms in December, compared to a 0.6% contraction in November. The print marked the first output growth since August and reflected a significant improvement in the electricity and gas supply sector, as well as healthy growth in the manufacturing, and mining and quarrying sectors.

Meanwhile, annual average industrial production growth edged down to an over three-year low of 2.2% in December, from 2.3% in the previous month. In seasonally-adjusted terms, industrial production rose 3.3% month-on-month in December, accelerating from November’s meager 0.9% increase and marking the strongest reading in 10 months.

Our panelists expect industrial production to expand 3.5% 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  

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Latvia Industry Chart


Latvia Industry
Note: Annual variation of industrial output in %.
Source: Central Statistical Bureau of Latvia and FocusEconomics calculations.

Latvia Facts

ValueChangeDate
Bond Yield0.550.0 %Jun 30
Exchange Rate1.130.65 %Feb 20
Stock Market9930.17 %Feb 20

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