FX.co ★ Latvia Industrial Output Growth Accelerates in September

In September 2025, Latvia experienced a notable upturn in industrial production, which increased by 6.5% compared to the same month the previous year. This figure represents an improvement from August's downwardly adjusted growth of 2.3%. The manufacturing sector played a significant role in this growth, with an 8.5% rise, compared to 4.1% in August. Key contributors to this increase included a recovery in the repair and installation of machinery and equipment (up 2.8% from a decline of 12.9%), machinery and equipment (which rose by 1.3% following a 12.8% drop), and computer, electronic, and optical products (which surged by 10.5% after a 1.7% decrease). Additionally, dairy products saw accelerated growth, rising by 9.1% compared to 1.4% the previous month. The overall output was further supported by a less pronounced decline in the electricity and gas supply sector, which saw a decrease of only 0.6% versus a 1.2% downturn in August. On the downside, production in the mining and quarrying sector continued to fall deeper, registering a 28.1% drop following a 23.9% decline. Seasonally adjusted, industrial output rebounded by 1.7% in September, recovering from a revised 2.5% decline in August.