Industrial production in Latvia fell 2.8 percent over a year earlier in September of 2020, following a downwardly revised 2.9 percent decline in the prior month, amid the coronavirus crisis. Output continued to fall for electricity and gas supply (-22.7 percent vs -11.7 percent in August) and manufacturing (-0.6 percent vs -1.4 percent). In contrast, production jumped for mining & quarrying (21.8 percent vs 1.9 percent). On a seasonally adjusted monthly basis, industrial production increased 0.5 percent, reversing an upwardly revised 0.5 percent drop in the previous month. source: Central Statistical Bureau of Latvia
Industrial Production in Latvia averaged 3.71 percent from 2000 until 2020, 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. Latvia Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Industrial Production in Latvia is expected to be -0.50 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 1.80 in 12 months time. In the long-term, the Latvia Industrial Production is projected to trend around 2.00 percent in 2021 and 4.00 percent in 2022, according to our econometric models.