Industrial production in Latvia edged down 0.3 percent year-on-year in June of 2020, following a downwardly revised 6.2 percent fall in the previous month. Manufacturing output declined 2.3 percent, less than a 7 percent slump in May. In addition, production rose faster for electricity and gas supply (8.3 percent vs 0.2 percent) and mining & quarrying (9.3 percent vs 0.7 percent). On a monthly basis, industrial production climbed 7.5 percent, after an upwardly revised 5.2 percent rise in May.

Industrial Production in Latvia averaged 3.77 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 August of 2020. source: Central Statistical Bureau of Latvia

Industrial Production in Latvia is expected to be -1.00 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 2.20 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.

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Latvia Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-0.30 -6.20 23.20 -25.90 2000 - 2020 percent Monthly
2010=100, WDA


Calendar GMT Actual Previous Consensus TEForecast
2020-05-05 10:00 AM Industrial Production YoY Mar -3.6% 0.9% -5.2%
2020-06-03 10:00 AM Industrial Production YoY Apr -9.2% -3.5% -1%
2020-07-06 10:00 AM Industrial Production YoY May -6.4% -9.2% -10.5%
2020-08-03 10:00 AM Industrial Production YoY Jun -0.3% -6.2% -3%
2020-09-03 10:00 AM Industrial Production YoY Jul -0.3%
2020-10-05 10:00 AM Industrial Production YoY Aug
2020-11-03 11:00 AM Industrial Production YoY Sep -1%
2020-12-04 11:00 AM Industrial Production YoY Oct


News Stream
Latvia Industrial Output Falls Softer in June
Industrial production in Latvia edged down 0.3 percent year-on-year in June of 2020, following a downwardly revised 6.2 percent fall in the previous month. Manufacturing output declined 2.3 percent, less than a 7 percent slump in May. In addition, production rose faster for electricity and gas supply (8.3 percent vs 0.2 percent) and mining & quarrying (9.3 percent vs 0.7 percent). On a monthly basis, industrial production climbed 7.5 percent, after an upwardly revised 5.2 percent rise in May.
2020-08-03
Latvia Industrial Output Drops 6.4% YoY in May
Industrial production in Latvia declined 6.4 percent year-on-year in May of 2020, following a 9.2 percent fall in the previous month. Output decreased at a softer pace for manufacturing (-7.4 percent vs -9 percent) and production rebounded for both electricity & gas supply (0.3 percent vs -10.8 percent) and mining & quarrying (0.6 percent vs -8.7 percent). On a seasonally adjusted monthly basis, industrial production rose 4.9 percent, rebounding from a 7.4 percent drop in April.
2020-07-06
Latvia Industrial Output Falls the Most in Over a Decade
Industrial production in Latvia dropped 9.2 percent year-on-year in April of 2020, following a downwardly revised 3.5 percent fall in the previous month. It was the sharpest decline in industrial activity since October of 2009, as output went down faster for manufacturing (-9 percent vs -3.4 percent in March); electricity & gas supply (-10.8 percent vs -4.8 percent) and mining & quarrying (-8.7 percent vs -2.1 percent). On a seasonally adjusted monthly basis, industrial production slid 7.4 percent, the most since series began in February of 2000 and compared to a downwardly revised 4 percent drop in March.
2020-06-03
Latvia Industrial Output Falls 3.6% YoY in March
Industrial production in Latvia decreased 3.6 percent year-on-year in March of 2020, down from an upwardly revised 0.9 percent rise in the previous month. Output fell for manufacturing (-2.1 percent vs 16.5 percent in February) and electricity and gas supply (-4.8 percent vs 7 percent). Also, mining & quarrying production dropped further (-3.6 percent vs -0.8 percent). On a seasonally adjusted monthly basis, industrial production slid 4.1 percent, the most in two years and compared to a 2.9 percent gain in February. Considering the first quarter of 2020, industrial activity declined 2.3 percent over the same period of 2019.
2020-05-05

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.