Industrial production in Latvia decreased 3.6 percent year-on-year in March of 2020, down from an upwardly revised 0.9 percent rise in the previous month. Output fell for manufacturing (-2.1 percent vs 16.5 percent in February) and electricity and gas supply (-4.8 percent vs 7 percent). Also, mining & quarrying production dropped further (-3.6 percent vs -0.8 percent). On a seasonally adjusted monthly basis, industrial production slid 4.1 percent, the most in two years and compared to a 2.9 percent gain in February. Considering the first quarter of 2020, industrial activity declined 2.3 percent over the same period of 2019.

Industrial Production in Latvia averaged 3.89 percent from 2000 until 2020, 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 June of 2020.

Industrial Production in Latvia is expected to be -25.00 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 9.00 percent in 2021 and 4.00 percent in 2022, according to our econometric models.

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Latvia Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-3.60 0.90 23.20 -25.90 2000 - 2020 percent Monthly
2010=100, WDA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-03 11:00 AM Dec -3.2% -0.1% 1%
2020-03-05 11:00 AM Jan -4.5% -3.2% 0.5%
2020-04-03 10:00 AM Feb 0.8% -4.5% -3%
2020-05-05 10:00 AM Mar -3.6% 0.9% -5.2%
2020-06-03 10:00 AM Apr -3.6% -1%
2020-07-06 10:00 AM May
2020-08-03 10:00 AM Jun -25%
2020-09-03 10:00 AM Jul


News Stream
Latvia Industrial Output Falls 3.6% YoY in March
Industrial production in Latvia decreased 3.6 percent year-on-year in March of 2020, down from an upwardly revised 0.9 percent rise in the previous month. Output fell for manufacturing (-2.1 percent vs 16.5 percent in February) and electricity and gas supply (-4.8 percent vs 7 percent). Also, mining & quarrying production dropped further (-3.6 percent vs -0.8 percent). On a seasonally adjusted monthly basis, industrial production slid 4.1 percent, the most in two years and compared to a 2.9 percent gain in February. Considering the first quarter of 2020, industrial activity declined 2.3 percent over the same period of 2019.
2020-05-05
Latvia Industrial Output Rebounds in February
Industrial production in Latvia increased 0.8 percent year-on-year in February of 2020, up from a 4.5 percent fall in the previous month. It was the first gain in industrial activity since October of 2019, as output rebounded for electricity and gas supply (7 percent vs -11 percent in January) and mining & quarrying production advanced faster (16.7 percent vs 10.7 percent). Meantime, manufacturing output decreased 0.8 percent, compared to a 3.6 percent decline in January. On a seasonally adjusted monthly basis, industrial production jumped 3 percent, after a 2 percent slump in the prior month.
2020-04-03
Latvia Industrial Output Falls the Most since 2009
Industrial production in Latvia plunged 4.5 percent year-on-year in January of 2020, following a 3.2 percent decline in the previous month. It was the largest decline in industrial activity since December of 2009, amid contractions in the utilities (-11 percent vs -5.7 percent in December) and the manufacturing (-3.6 percent vs -1.9 percent) sectors. Meanwhile, output rebounded sharply for mining & quarrying (10.7 percent vs -5.3 percent). On a seasonally adjusted monthly basis, industrial production shrank 1.9 percent, following an upwardly revised 0.6 percent drop in the prior month.
2020-03-05
Latvia Industrial Output Falls the Most in 6 Years
Industrial production in Latvia slumped 3.2 percent year-on-year in December 2019, down from a 0.1 percent decrease in the previous month. It was the second straight monthly fall and the sharpest since January 2014. Output fell further for manufacturing (-1.9 percent vs -0.6 percent in November) and dropped for electricity and gas supply (-5.7 percent vs 3.9 percent). Meantime, mining & quarrying product went down at a softer pace (-5.3 percent vs -17.4 percent). On a monthly basis, industrial production went down 0.3 percent, after a 1.3 percent decline in November.
2020-02-03

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.