FX.co ★ Latvia Industrial Output Growth Slows in November

Latvia's industrial production exhibited a year-on-year rise of 6.9% in November 2025, cooling off slightly from a three-month peak of 6.9% recorded in the previous month. This deceleration was largely attributed to reduced growth rates in the manufacturing sector, which posted an increase of 8.9% compared to 9.5% in October, and in electricity and gas supply, which grew by 3.5% down from 10.1%. Additionally, the mining and quarrying sector saw a further decline, falling by 25.9% compared to a 16.1% decrease in October. On a seasonally adjusted month-to-month basis, industrial production contracted by 0.6% in November, overturning the 1.4% growth experienced in October.