Latvia’s industrial production rose by 13.2% year-on-year in January 2026, accelerating from a 1% increase in December 2025 and registering the strongest growth since April 2021. The upturn was driven primarily by manufacturing, where output grew by 1.3% (vs 0.2% in December), with particularly robust gains in the processing and preserving of fruits and vegetables (12.6% vs 1.6%), dairy products (17.8% vs 4.4%), rubber and plastic products (7.5% vs -5.1%), basic metals (29.2% vs 1%), and electrical equipment (13.2% vs 7.9%).
Additionally, output in electricity and gas supply surged by 57.1%, compared with an 8.8% increase in the previous month. By contrast, activity in mining and quarrying contracted more sharply, with output falling 30.8% year-on-year after an 18.7% decline in December.
On a seasonally adjusted monthly basis, industrial production grew by 3.2% in January, rebounding from a downwardly revised 0.8% decrease in the previous period.
