Industrial production in Latvia slumped 3.2 percent year-on-year in December 2019, down from a 0.1 percent decrease in the previous month. It was the second straight monthly fall and the sharpest since January 2014. Output fell further for manufacturing (-1.9 percent vs -0.6 percent in November) and dropped for electricity and gas supply (-5.7 percent vs 3.9 percent). Meantime, mining & quarrying product went down at a softer pace (-5.3 percent vs -17.4 percent). On a monthly basis, industrial production went down 0.3 percent, after a 1.3 percent decline in November.

Industrial Production in Latvia averaged 3.97 percent from 2000 until 2019, reaching an all time high of 23.20 percent in October of 2010 and a record low of -25.90 percent in March of 2009. This page provides the latest reported value for - Latvia Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Central Statistical Bureau of Latvia

Industrial Production in Latvia is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Latvia to stand at 3.90 in 12 months time. In the long-term, the Latvia Industrial Production is projected to trend around 4.00 percent in 2021, according to our econometric models.


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Latvia Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-3.20 -0.10 23.20 -25.90 2000 - 2019 percent Monthly
2010=100, WDA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-04 11:00 AM Industrial Production YoY Sep 7.3% 2% 5.5%
2019-12-04 11:00 AM Industrial Production YoY Oct 3% 7.3% 6.6%
2020-01-03 11:00 AM Industrial Production YoY Nov -0.2% 3% 2.5%
2020-02-03 11:00 AM Industrial Production YoY Dec -3.2% -0.1% 1%
2020-03-04 11:00 AM Industrial Production YoY Jan -3.2% 0.5%
2020-04-03 10:00 AM Industrial Production YoY Feb
2020-05-05 10:00 AM Industrial Production YoY Mar 2.5%
2020-06-03 10:00 AM Industrial Production YoY Apr


News Stream
Latvia Industrial Output Falls the Most in 6 Years
Industrial production in Latvia slumped 3.2 percent year-on-year in December 2019, down from a 0.1 percent decrease in the previous month. It was the second straight monthly fall and the sharpest since January 2014. Output fell further for manufacturing (-1.9 percent vs -0.6 percent in November) and dropped for electricity and gas supply (-5.7 percent vs 3.9 percent). Meantime, mining & quarrying product went down at a softer pace (-5.3 percent vs -17.4 percent). On a monthly basis, industrial production went down 0.3 percent, after a 1.3 percent decline in November.
2020-02-03
Latvia Industrial Output Posts 1st Drop in 4 Months
Industrial production in Latvia shrank 0.2 percent year-on-year in November 2019, following a 3 percent rise in the previous month. It was the first decline in industrial activity since July, as production fell for manufacturing (-0.8 percent vs 1.8 percent in October) and mining & quarrying (-16.9 percent vs -19.7 percent). In addition, output growth slowed sharply for electricity & gas supply (3.9 percent vs 11.9 percent). On a seasonally adjusted monthly basis, industrial production went down 1.2 percent, after an upwardly revised 2.4 percent fall in October.
2020-01-03
Latvia Industrial Output Growth Slows to 3% YoY
Industrial production in Latvia rose 3 percent year-on-year in October 2019. Easing from a 7.3 percent jump in the previous month. Output slowed for both manufacturing (1.8 percent vs 3.1 percent in September) and electricity & gas supply (11.9 percent vs 27.8 percent). Also, mining & quarrying production fell faster (-19.6 percent vs -15.5 percent). On a seasonally adjusted monthly basis, industrial production fell 2.3 percent, down from a downwardly revised 1.1 percent increase in September.
2019-12-04
Latvia Industrial Output Rises the Most in 18 Months
Industrial production in Latvia jumped 7.3 percent year-on-year in September 2019, following a 2.0 percent rise in the previous month. It was the biggest annual gain in industrial activity since February 2018, as output advanced faster for manufacturing (3.1 percent from 0.3 percent in August) and electricity and gas supply (27.8 percent from 8.9 percent). On the other hand, mining and quarrying production slumped 15.5 percent, more than an 8.3 percent drop in August. On a seasonally adjusted monthly basis, industrial production went up 1.2 percent, after an upwardly revised 3.1 percent gain in the prior month.
2019-11-04

Latvia Industrial Production
In Latvia, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.