Latvian Industrial Production Growth Slows Down to 0.7% in March 2024

In the latest data released on 07 May 2024, the Latvian industrial production growth rate for March 2024 has been reported at 0.7%, reflecting a slowdown from the previous month. In February 2024, the industrial production growth had reached 1.3%. This Year-over-Year comparison indicates a deceleration in the industrial sector's expansion compared to the same period last year.

The figures suggest a moderation in the pace of industrial activity within Latvia, potentially influenced by both domestic and global economic conditions. Analysts will be closely monitoring future data releases to assess the trajectory of the country's industrial production and its broader impact on the economy. This development underscores the importance of ongoing vigilance and analysis in understanding the dynamics of Latvia's industrial sector amidst evolving market conditions.