FX.co ★ Latvia’s Industrial Growth Cools Sharply to 4.0% in February, Down from 13.2% in January

Latvia’s industrial production growth decelerated notably in February 2026, with output rising 4.0% year-on-year, down from a robust 13.2% annual increase recorded in January 2026. The latest figures, updated on 7 April 2026, highlight a marked loss of momentum in the country’s industrial sector after a strong start to the year.

Both the current and previous readings are measured on a year-over-year basis, comparing each month’s performance with the same month a year earlier. While industrial activity in Latvia is still expanding, the sharp slowdown suggests that the surge seen in January may have been temporary, and that underlying industrial growth is now moderating. Investors and policymakers will be watching upcoming data closely to see whether February’s weaker pace signals the beginning of a sustained cooling trend in Latvian industry or a short-term adjustment following January’s spike.