Industrial production in Latvia surged 4.4 percent year-on-year in June of 2019, after an upwardly revised 2 percent rise in the previous month. It was the fastest increase in industrial activity since December, boosted by electricity & gas supply (23.5 percent vs 2.8 percent in May). On the other hand, output growth slowed for manufacturing (0.8 percent vs 2.1 percent) and the mining sector continued to contract (-10.2 percent vs -3.2 percent). In the second quarter of the year, industrial production rose 1.4 percent compared to the same period of the 2018. On a seasonally adjusted monthly basis, industrial production advanced 1.6 percent, following an upwardly revised 2.3 percent gain in the prior month. Industrial Production in Latvia averaged 4.02 percent from 2001 until 2019, reaching an all time high of 23.20 percent in October of 2010 and a record low of -26.70 percent in February of 2009.

Industrial Production in Latvia is expected to be 5.50 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 3.90 percent in 2020, according to our econometric models.

Latvia Industrial Production
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-07 10:00 AM Industrial Production YoY Mar 1.5% -3.0% 0.5%
2019-06-03 10:00 AM Industrial Production YoY Apr -2.4% 1.5% 0.9%
2019-07-04 10:00 AM Industrial Production YoY May 1.7% -2.4% 0.6%
2019-08-05 10:00 AM Industrial Production YoY Jun 4.4% 2.0% 4.7%
2019-09-03 10:00 AM Industrial Production YoY Jul 4.4%
2019-10-04 10:00 AM Industrial Production YoY Aug
2019-11-04 11:00 AM Industrial Production YoY Sep 5.5%


Latvia Business Last Previous Highest Lowest Unit
Business Confidence 0.30 1.30 12.50 -44.70 Index Points [+]
Industrial Production 4.40 2.00 23.20 -26.70 percent [+]
Industrial Production Mom 1.60 2.30 5.00 -8.70 percent [+]
Manufacturing Production 0.80 2.10 27.70 -31.20 percent [+]
Capacity Utilization 75.90 76.90 77.40 43.70 percent [+]
Car Registrations 5095.00 4473.00 9388.00 1070.00 [+]
Internet Speed 16580.44 17189.85 18326.11 3101.80 KBps [+]
IP Addresses 878525.00 831199.00 878525.00 273180.00 IP [+]
Mining Production -10.20 -3.20 124.40 -35.60 percent [+]
Changes In Inventories -71994.00 -38202.00 527499.00 -214170.00 EUR Thousand [+]
Competitiveness Index 66.25 64.80 66.25 4.05 Points [+]
Competitiveness Rank 42.00 42.00 70.00 42.00 [+]
Ease of Doing Business 19.00 19.00 31.00 14.00 [+]
Electricity Production 423.00 433.00 995.00 159.00 Gigawatt-hour [+]
Corruption Index 58.00 58.00 58.00 27.00 Points [+]
Corruption Rank 41.00 40.00 71.00 40.00 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.40 2.00 23.20 -26.70 2001 - 2019 percent Monthly
2010=100, WDA




Country Last Previous
Argentina -6.90 Jun/19
Australia 1.20 Mar/19
Brazil -5.90 Jun/19
Canada 3.14 May/19
China 4.80 Jul/19
Euro Area -2.60 Jun/19
France 0.00 Jun/19
Germany -5.20 Jun/19
India 2.00 Jun/19
Indonesia 3.60 Jun/19
Italy -1.20 Jun/19
Japan -3.80 Jun/19
Mexico -2.91 Jun/19
Netherlands -1.90 Jun/19
Russia 2.80 Jul/19
Saudi Arabia 1.40 Dec/18
Singapore -6.90 Jun/19
South Africa -3.20 Jun/19
South Korea -2.90 Jun/19
Spain 1.80 Jun/19
Switzerland 4.30 Mar/19
Turkey -3.90 Jun/19
United Kingdom -0.60 Jun/19
United States 0.50 Jul/19


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