FX.co ★ Latvia Industrial Output Hits 3-Month High

Latvia's industrial production surged by 8.8% in October 2025 compared to the same month the previous year, following a revised 6.1% increase in September. This marks the highest growth since July. The acceleration was particularly notable in the manufacturing sector, which rose by 9.5% compared to 8.5% the month before. Significant growth was observed in the wood and wood product sector, which excludes furniture, at 7%, in food products at 12.9%, and in fabricated metal products, excluding machinery and equipment, at 12.7%. Additionally, remarkable increases were seen in the production of motor vehicles, trailers, and semi-trailers at 32.4%, computer, electronic, and optical products at 29.2%, and machinery and equipment at 16.1%. Moreover, the overall output benefited from a less steep decline in mining and quarrying, which recorded a decrease of 16.1% compared to 28.1% previously, and a significant rebound in the electricity and gas supply sector, which rose by 10.1% after a previous drop of 4.9%. On a seasonally adjusted monthly basis, the rate of industrial production growth eased slightly to 1.4% from 1.7% in September.