Industrial production in Latvia rose 3.7 percent year-on-year in August of 2021, easing from an 8.4 percent jump in the previous month. Production largely decreased for electricity and gas supply (-31.1 percent vs 13.2 percent in July), while it accelerated for mining and quarrying (13.7 percent vs 11.8 percent) and increased at a constant rate in manufacturing (7.9 percent). On a monthly basis, industrial output dropped 2 percent, after a 0.7 percent gain seen in July. source: Central Statistical Bureau of Latvia
Industrial Production in Latvia averaged 3.87 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 October of 2021.
Industrial Production in Latvia is expected to be 9.00 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 2022 and 4.00 percent in 2023, according to our econometric models.