Industrial output in Latvia rose 10.1 percent year-on-year in May of 2021, easing from a 20.5 percent surge in the previous month. Production advanced in all sectors: manufacturing (11.0 percent vs 20.3 percent in April); mining & quarrying (4.6 percent vs 15.0 percent); and electricity & gas supply (3.8 percent vs 23.1 percent). On a monthly basis, industrial output dropped 2.3 percent, after a 2.6 percent gain in April. source: Central Statistical Bureau of Latvia
Industrial Production in Latvia averaged 3.78 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 July of 2021.
Industrial Production in Latvia is expected to be 2.70 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 2.20 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.