Industrial production in Latvia contracted by 2.9 percent year-on-year in July of 2022, the first decline since February and the sharpest since August of 2020, compared to the 0.7 percent advance in the previous month. Output significantly fell for electricity and gas supply (-24.4 percent vs -15.8 percent in June) amid lower supplies of Russian energy throughout the Baltic states. Production also fell for mining and quarrying (-3.1 percent vs -7.8 percent), while growth eased for manufacturing (0.6 percent vs 3.1 percent). On a monthly basis, industrial production fell 1.2 percent, easing from the 2.1 percent decline in the prior month. source: Central Statistical Bureau of Latvia

Industrial Production in Latvia averaged 3.79 percent from 2000 until 2022, reaching an all time high of 23.20 percent in October of 2010 and a record low of -26 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 October of 2022.

Industrial Production in Latvia is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Industrial Production is projected to trend around 2.00 percent in 2023 and 4.00 percent in 2024, according to our econometric models.

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Latvia Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2022-08-03 10:00 AM Jun 0.7% 5.3% 4.8%
2022-09-05 10:00 AM Jul -2.9% 0.7% -0.5%
2022-10-04 10:00 AM Aug -2.9% -1.5%


Related Last Previous Unit Reference
Business Confidence -0.20 -0.60 points May 2022
Industrial Production Mom -1.20 -2.10 percent Jul 2022
Industrial Production -2.90 0.70 percent Jul 2022
Manufacturing Production 7.50 5.30 percent May 2022
Car Registrations 4525.00 3710.00 Jun 2022
Changes in Inventories 871846.00 546074.00 EUR Thousand Jun 2022
Mining Production 0.70 -11.10 percent May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-2.90 0.70 23.20 -26.00 2000 - 2022 percent Monthly
2010=100, WDA

News Stream
Latvia Industrial Production Decline the Most in Nearly 2-Years
Industrial production in Latvia contracted by 2.9 percent year-on-year in July of 2022, the first decline since February and the sharpest since August of 2020, compared to the 0.7 percent advance in the previous month. Output significantly fell for electricity and gas supply (-24.4 percent vs -15.8 percent in June) amid lower supplies of Russian energy throughout the Baltic states. Production also fell for mining and quarrying (-3.1 percent vs -7.8 percent), while growth eased for manufacturing (0.6 percent vs 3.1 percent). On a monthly basis, industrial production fell 1.2 percent, easing from the 2.1 percent decline in the prior month.
2022-09-05
Latvia Industrial Output Growth Advances in May
Industrial production growth in Latvia increased to 5.3 percent year-on-year in May of 2022 from 3.7 percent in the previous month. Output rose further for manufacturing (7.5 percent vs 5.3 percent in April) while rebounded for mining and quarrying (0.7 percent vs -11.1 percent). Meanwhile, production fell at an accelerated pace for electricity and gas supply (-11.1 percent vs -1.5 percent). On a monthly basis, industrial production edged 0.2 percent higher, compared to a 0.1 percent downtick in the previous month.
2022-07-04
Latvia Industrial Output Growth Eases in April
Industrial production growth in Latvia slowed to 3.7 percent year-on-year in April of 2022, from 6.3 percent in the previous month. Output eased significantly for manufacturing (5.3 percent vs 10 percent in March) and declined sharply for mining and quarrying (-11.1 percent vs 9.2 percent), although fell at a softer pace for electricity and gas supply (-1.5 percent vs -18.6 percent). On a monthly basis, industrial production edged 0.1 percent lower, compared to a 3.5 percent rise in the previous month.
2022-06-03