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Latvia: Industrial output rebounds in April
Latest reading: Industrial output rose 1.9% in year-on-year terms in April, which contrasted March’s 2.5% decrease. Looking at the details of the release, manufacturing production rebounded in April, while the decline in mining and quarrying output worsened.
On a monthly basis, factory output increased 0.7% in seasonally adjusted terms in April, contrasting March’s 2.1% fall. Meanwhile, the trend improved slightly, with the annual average variation of industrial production coming in at minus 6.0% in April, up from March’s minus 6.1%.
