FX.co ★ Latvia Industrial Output Growth Slows to 5-Month Low

Latvia’s industrial production increased by 6.2% year-on-year in May 2026, slowing from a 7% rise in April and marking the weakest expansion since December 2025. Growth in manufacturing eased to 6.1% from 6.8%, reflecting notably softer gains in several key segments, including dairy products (8.5% vs 13.0% in April), printing and reproduction of recorded media (2.8% vs 12.2%), rubber and plastic products (13.8% vs 14.5%), electrical equipment (5.9% vs 6.3%), and other manufacturing (4.6% vs 17.1%). At the same time, output in electricity, gas, steam, and air-conditioning supply contracted by 10.5%, following a 12.1% decline in the previous month. By contrast, mining and quarrying recorded a strong turnaround, with production rising 2.5% after an 8.3% drop in April. On a monthly basis, overall industrial output grew 0.4% in May, after remaining unchanged in the prior month.