Industrial production in Latvia rose 4.7 percent year-on-year in March of 2021, accelerating from an upwardly revised 2.7 percent rise in the previous month. Output advanced faster for manufacturing (3.8 percent vs 1.3 percent in February) and mining & quarrying production rebounded (11.2 percent vs -8 percent). Meantime, production of electricity and gas supply slowed (7.4 percent vs 8.8 percent). On a monthly basis, industrial output went up 0.5 percent, following an upwardly revised 1.1 percent gain in February. source: Central Statistical Bureau of Latvia
Industrial Production in Latvia averaged 3.69 percent from 2000 until 2021, 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 May of 2021.
Industrial Production in Latvia is expected to be 3.90 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 3.30 percent in 2022 and 4.00 percent in 2023, according to our econometric models.