Industrial production in Latvia rose 1.1 percent year-on-year in November of 2021, easing from a 2.4 percent growth in the previous month. Production increased at a slower pace for manufacturing (1.9 percent vs 3.9 percent in October) and mining & quarrying (2.3 percent vs 3.1 percent). Output decreased for electricity and gas supply (-4.7 percent vs -7.1 percent). On a monthly basis, industrial production edged up 0.3 percent, following a 1.5 percent fall in the previous month. source: Central Statistical Bureau of Latvia

Industrial Production in Latvia averaged 3.81 percent from 2000 until 2021, 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 January of 2022.

Industrial Production in Latvia is expected to be 8.10 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


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
1.10 2.40 23.20 -26.00 2000 - 2021 percent Monthly
2010=100, WDA

Calendar GMT Actual Previous Consensus TEForecast
2021-12-06 11:00 AM Oct 2.4% 5.8% 4.2%
2022-01-03 11:00 AM Nov 1.1% 2.4% 1.2%
2022-02-03 11:00 AM Dec 0.9%


Related Last Previous Unit Reference
Business Confidence 1.50 3.20 points Aug/21
Industrial Production Mom 0.30 -1.50 percent Nov/21
Industrial Production 1.10 2.40 percent Nov/21
Manufacturing Production 1.90 3.90 percent Nov/21
Car Registrations 4027.00 4300.00 Sep/21
Mining Production 2.30 3.10 percent Nov/21
Changes In Inventories 458852.00 634581.00 EUR Thousand Sep/21


News Stream
Latvia Industrial Output Growth Slows to 1.1% YoY in November
Industrial production in Latvia rose 1.1 percent year-on-year in November of 2021, easing from a 2.4 percent growth in the previous month. Production increased at a slower pace for manufacturing (1.9 percent vs 3.9 percent in October) and mining & quarrying (2.3 percent vs 3.1 percent). Output decreased for electricity and gas supply (-4.7 percent vs -7.1 percent). On a monthly basis, industrial production edged up 0.3 percent, following a 1.5 percent fall in the previous month.
2022-01-03
Latvia Industrial Output Eases in October
Industrial production in Latvia rose 2.4 percent year-on-year in October of 2021, easing from a 5.8 percent jump in the previous month. Production increased at a slower pace for manufacturing (3.9 percent vs 6.7 percent in September), while industrial activity decreased for electricity and gas supply (-7.1 percent vs 0.7 percent). On the other hand, output rebounded for mining and quarrying (3.1 percent vs -1.1 percent). On a monthly basis, industrial production decreased 1.5 percent, following a downwardly revised 1.4 increase in the previous month.
2021-12-06
Latvia Industrial Output Quickens in September
Industrial production in Latvia increased 5.8 percent year-on-year in September of 2021, accelerating from a 3.7 percent jump in the previous month. Production increased for manufacturing (6.7 percent vs 7.9 percent in August), and rebounded for electricity and gas supply (0.7 percent vs -31.1 percent). However, industrial output slightly decreased for mining & quarrying (-1.1 percent vs 13.7 percent). On a monthly basis, industrial production rose 1.5 percent, after a 2 percent drop in the previous month.
2021-11-03