Latvia’s industrial production rose by 4% year-on-year in February 2026, slowing from a 13.2% increase in January, which had been the fastest pace since April 2021. Manufacturing output contracted (-2.2% vs +1.3% in January), pressured by weaker growth in food production and continued declines in beverages, textiles, wearing apparel, leather and related products, wood products, paper and paper products, printing and reproduction of recorded media, as well as repair and installation of machinery and equipment.
At the same time, output in mining and quarrying continued to shrink (-37.2% vs -30.8% previously), while growth in electricity and gas supply decelerated sharply (24.6% vs 57.1%). On a monthly basis, industrial production fell by 1.3% in February 2026, reversing a 3.1% gain in January and reaching its lowest level since March 2025.
