Latvia: Industrial production speeds up in October
Latest reading: Industrial production rose 8.7% in annual terms in October, following a 6.2% increase in the prior month.
Relative to the previous month’s data, readings in October improved for manufacturing (+9.6% in annual terms vs +8.5% in September), mining and quarrying (-16.1% vs -28.2% in September) and electricity and gas supply (+10.1% vs -4.7% in September).
On a seasonally adjusted month-on-month basis, industrial production increased 1.3% in October, following a 1.7% increase in the prior month.