Latvia skyline

Latvia Industrial production February 2024

Latvia: Decline in industrial output softens in February

Industrial production slid 0.3% year on year in February (January: -5.0% yoy). The reading reflected a broad-based upturn: Manufacturing output fell at a slower pace, mining and quarrying activity growth accelerated, and electricity and gas supply rebounded in February.

On a monthly basis, factory output rose 2.8% in seasonally adjusted terms in February, contrasting January’s 2.6% fall and marking the best result since July 2023. Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 7.1% in February, up from January’s minus 7.2% reading.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen