Industrial Production in Latvia decreased 0.20 percent in November of 2019 over the same month in the previous year. Industrial Production in Latvia averaged 4 percent from 2000 until 2019, 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.

Industrial Production in Latvia is expected to be 2.50 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 3.90 in 12 months time. In the long-term, the Latvia Industrial Production is projected to trend around 4.00 percent in 2020, according to our econometric models.

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Latvia Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-0.20 3.00 23.20 -25.90 2000 - 2019 percent Monthly
2010=100, WDA


Calendar GMT Actual Previous Consensus TEForecast
2019-10-04 10:00 AM Industrial Production YoY Aug 2% -1.3% -3.5%
2019-11-04 11:00 AM Industrial Production YoY Sep 7.3% 2% 5.5%
2019-12-04 11:00 AM Industrial Production YoY Oct 3% 7.3% 6.6%
2020-01-03 11:00 AM Industrial Production YoY Nov -0.2% 3% 2.5%
2020-02-03 11:00 AM Industrial Production YoY Dec -0.2% 4%


News Stream
2019-12-04
Latvia Industrial Output Growth Slows to 3% YoY
Industrial production in Latvia rose 3 percent year-on-year in October 2019. Easing from a 7.3 percent jump in the previous month. Output slowed for both manufacturing (1.8 percent vs 3.1 percent in September) and electricity & gas supply (11.9 percent vs 27.8 percent). Also, mining & quarrying production fell faster (-19.6 percent vs -15.5 percent). On a seasonally adjusted monthly basis, industrial production fell 2.3 percent, down from a downwardly revised 1.1 percent increase in September.

2019-11-04
Latvia Industrial Output Rises the Most in 18 Months
Industrial production in Latvia jumped 7.3 percent year-on-year in September 2019, following a 2.0 percent rise in the previous month. It was the biggest annual gain in industrial activity since February 2018, as output advanced faster for manufacturing (3.1 percent from 0.3 percent in August) and electricity and gas supply (27.8 percent from 8.9 percent). On the other hand, mining and quarrying production slumped 15.5 percent, more than an 8.3 percent drop in August. On a seasonally adjusted monthly basis, industrial production went up 1.2 percent, after an upwardly revised 3.1 percent gain in the prior month.

2019-10-04
Latvia Industrial Output Rebounds in August
Latvia's industrial production rose 2.0 percent from a year earlier in August 2019, compared to a 1.3 percent drop in the previous month. Manufacturing output increased 0.4 percent, boosted by fabricated metal products (20.9 percent), electrical equipment (15.1 percent), textiles (15.1 percent), and computer, electronic and optical products (9.8 percent). By contrast, output fell mostly for wearing apparel (-16 percent), beverages (-14.2 percent), and chemicals and chemical products (-11 percent). Electricity and gas supply jumped 8.9 percent while mining and quarrying contracted 8.3 percent. On a seasonally adjusted monthly basis, industrial output rebounded 3 percent.

2019-09-03
Latvia Industrial Output Drops 1.3% YoY in July
Industrial production in Latvia decreased 1.3 percent year-on-year in July of 2019, after a downwardly revised 4.3 percent rise in the previous month. Output fell for both electricity and gas supply (-6.2 percent from 23.5 percent in June) and mining & quarrying (-14.9 percent from -12.6 percent). On the other hand, manufacturing production advanced further (1.3 percent from 0.7 percent). On a seasonally adjusted monthly basis, industrial output dropped 2.1 percent, down from a downwardly revised 1.5 percent gain in June.

2019-08-05
Latvia Industrial Output Growth at 6-Month High
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.

2019-07-04
Latvia Industrial Output Rebounds in May
Industrial production in Latvia increased 1.7 percent year-on-year in May of 2019, recovering from a 2.4 percent fall in the previous month. Output rebounded for electricity, gas, steam & air conditioning supply (2.8 percent from -22.6 percent in April) and went up at a softer pace for manufacturing (1.7 percent from 3.8 percent) while mining & quarrying production fell (-3.3 percent from 23 percent). On a seasonally adjusted monthly basis, industrial production jumped 2.1 percent, up from a downwardly revised 1.9 percent drop in April.


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.

Latvia Business Last Previous Highest Lowest Unit
Business Confidence -6.60 -5.70 12.50 -44.70 points [+]
Industrial Production -0.20 3.00 23.20 -25.90 percent [+]
Industrial Production Mom -1.20 -2.40 6.40 -6.00 percent [+]
Manufacturing Production -0.80 1.80 27.70 -29.60 percent [+]
Capacity Utilization 75.50 75.90 77.40 43.70 percent [+]
Car Registrations 4714.00 5095.00 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 -16.90 -19.70 103.30 -35.70 percent [+]
Changes In Inventories 1514.00 109429.00 527499.00 -214170.00 EUR Thousand [+]
Competitiveness Index 66.98 66.25 66.98 4.05 Points [+]
Competitiveness Rank 41.00 42.00 70.00 41.00 [+]
Ease of Doing Business 19.00 19.00 31.00 14.00 [+]
Electricity Production 538.00 576.00 995.00 159.00 Gigawatt-hour [+]
Corruption Index 58.00 58.00 58.00 27.00 Points [+]
Corruption Rank 41.00 40.00 71.00 40.00 [+]