Latvia Industrial Output Falls in September
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Industrial production in Latvia shrank by 3.7% year-on-year in September, following an upwardly revised 1% fall in the previous month, data from the Riga-based Central Statistical Bureau (CSB) show.
It was the third straight month of falling industrial activity and at the steepest pace since May of 2020.
Output fell from electricity and gas supply (-26%) and, to a lesser extent, manufacturing (-1.7%).
On the other hand, production grew for mining & quarrying (6.6%).
On a monthly comparison basis, industrial production went down by 0.9% in September, after a downwardly revised 0.3% rise in the prior month.
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