Industry in Latvia
Latvia - Industry
Industrial rebounds modestly in June
Industrial production rose 0.4% in June from the same month last year, following the weakest performance in three years in May, when output contracted a revised 0.9% (previously reported: -1.1% year-on-year). Meanwhile, annual average industrial production growth dropped to 5.3% in June from 5.9% in May, marking the lowest reading since January 2017.
Industrial output growth in June was driven by a double-digit increase in manufacturing and quarrying, while manufacturing output also expanded year-on-year, albeit at a much slower pace. Meanwhile, electricity and gas supply contracted sharply once again in June.
In seasonally-adjusted terms, industrial production rose 0.6% month-on-month in June, swinging from May’s revised 0.1% contraction (previously reported: -0.2% month-on-month).
Analysts surveyed by FocusEconomics expect industrial production to expand 4.1% in 2018, which is down 0.9 percentage points from last month’s projection. For 2019, the panel sees industrial output growing 3.8%.
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 %||Aug 15|
|Stock Market||996||0.17 %||Aug 15|
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August 3, 2018
Industrial production rose 0.4% in June from the same month last year, following the weakest performance in three years in May, when output contracted a revised 0.9% (previously reported: -1.1% year-on-year).
July 30, 2018
According to a flash estimate released by the Statistical Institute on 30 July, the Latvian economy expanded 5.1% in the second quarter compared to the corresponding period last year, up from the first quarter’s revised 4.0% annual growth (previously reported: +4.3% year-on-year).
July 16, 2018
Consumer prices rose 0.6% over the previous month in June, up from May’s 0.3% increase.
July 4, 2018
Industrial production declined 1.1% in May from the same month last year, falling to an over-three year low.
June 8, 2018
Consumer prices increased 0.3% from the previous month in May, accelerating marginally from April’s 0.2% increase.