Industrial production in Latvia rose 4.7 percent year-on-year in March of 2021, accelerating from an upwardly revised 2.7 percent rise in the previous month. Output advanced faster for manufacturing (3.8 percent vs 1.3 percent in February) and mining & quarrying production rebounded (11.2 percent vs -8 percent). Meantime, production of electricity and gas supply slowed (7.4 percent vs 8.8 percent). On a monthly basis, industrial output went up 0.5 percent, following an upwardly revised 1.1 percent gain in February. source: Central Statistical Bureau of Latvia

Industrial Production in Latvia averaged 3.69 percent from 2000 until 2021, 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 May of 2021.

Industrial Production in Latvia is expected to be 3.90 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 2.50 in 12 months time. In the long-term, the Latvia Industrial Production is projected to trend around 3.30 percent in 2022 and 4.00 percent in 2023, according to our econometric models.

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Latvia Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
4.70 2.70 23.20 -25.90 2000 - 2021 percent Monthly
2010=100, WDA


Calendar GMT Actual Previous Consensus TEForecast
2021-02-03 11:00 AM Dec 4.7% 3.1% 3.2%
2021-03-08 11:00 AM Jan 2.8% 4.7% 2%
2021-04-06 10:00 AM Feb 1.5% 2.9% 3.5%
2021-05-05 10:00 AM Mar 4.7% 2.7% 4.1%
2021-06-03 10:00 AM Apr 4.7% 9.7%
2021-07-06 10:00 AM May 5.2%
2021-08-03 10:00 AM Jun 3.9%
2021-09-03 10:00 AM Jul


News Stream
Latvia Industrial Output Growth Picks Up to 4.7% YoY in March
Industrial production in Latvia rose 4.7 percent year-on-year in March of 2021, accelerating from an upwardly revised 2.7 percent rise in the previous month. Output advanced faster for manufacturing (3.8 percent vs 1.3 percent in February) and mining & quarrying production rebounded (11.2 percent vs -8 percent). Meantime, production of electricity and gas supply slowed (7.4 percent vs 8.8 percent). On a monthly basis, industrial output went up 0.5 percent, following an upwardly revised 1.1 percent gain in February.
2021-05-05
Latvia Industrial Output Growth Slows to 1.5% YoY in February
Industrial production in Latvia increased 1.5 percent year-on-year in February of 2021, easing from an upwardly revised 2.9 percent rise in the previous month. Output growth slowed for manufacturing (0.8 percent vs 2.3 percent in January), but accelerated for electricity and gas supply (8.8 percent vs 7.5 percent). Nevertheless, production in the mining & quarrying sector contracted sharply (-8.0 percent vs 4.0 percent). On a monthly basis, industrial production rose by 0.6 percent, after a downwardly revised 1.5 percent fall in the month prior.
2021-04-06
Latvia Industrial Output Growth Slows to 2.8% YoY in January
Industrial production in Latvia increased 2.8 percent year-on-year in January of 2021, easing from a 4.7 percent rise in the previous month, which was the biggest gain since September of 2019. Output slowed for both manufacturing (2.2 percent vs 5.1 percent in December) and mining & quarrying (4 percent vs 15.2 percent). On the other hand, electricity and gas supply rebounded sharply (7.5 percent vs -0.6 percent). On a monthly basis, industrial production fell 1.5 percent, the first drop since April of 2020 and after an upwardly revised 0.8 percent increase in December.
2021-03-08
Latvia Industrial Output Growth at Over 1-Year High
Industrial production in Latvia rose 4.7 percent year-on-year in December of 2020, up from an upwardly revised 3.1 percent increase in the previous month. It was the strongest expansion in industrial activity since September of 2019, driven by manufacturing (5.1 percent vs 4.8 percent in November) and mining & quarrying (15.2 percent vs 20 percent). At the same time, output fell much less for electricity & gas supply (-0.6 percent vs 9.9 percent). In 2020, industrial activity shrank 1.7 percent compared to the same period a year earlier.
2021-02-03

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.