4 August 2025, 15:00 Latvia: Industrial Output Hits Fastest Growth in Nearly Four Years.
Industrial production in Latvia surged by 7.2% year-on-year in June 2025, marking the fastest growth since July 2021 and accelerating from 4.0% in the previous month. The increase was driven by accelerated output growth in manufacturing (7.0% vs 5.4% in May), particularly in rubber and plastic products (31.3% vs 4.0%), manufacture of non-metallic mineral product (18.3% vs 16.9%), manufacture of motor vehicles, trailers and semi-trailers (14.8% vs 9.9%), as well as manufacture of machinery and work machinery (12.9% vs 12.0%). In addition, production surged in electricity and gas supply (19.2% vs 2.4%). Conversely, output declined further in mining and quarrying (-21.1% vs -18.2%), marking the fourth consecutive monthly decline. On a monthly basis, industrial production rose 0.5% in June, following a 1.4% growth in May.
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