FX.co ★ Latvia’s Industrial Upswing Cools Slightly in May, YoY Growth Slips to 6.2%

Latvia’s industrial sector maintained strong year-over-year growth in May 2026, though momentum eased slightly compared with the previous month. Industrial production expanded by 6.2% year-over-year in May, down from a revised 7.0% annual increase recorded in April 2026.

The figures, updated on 06 July 2026, show that while the sector continues to grow robustly compared with the same period a year earlier, the pace of expansion has moderated. Both the current and previous indicators reflect year-over-year changes, comparing each month’s performance with its level in the corresponding month of the prior year.

The latest data suggest that Latvia’s industrial recovery remains intact, but the softer May reading may signal that the peak of the recent growth burst is behind the sector, prompting close monitoring in the months ahead.