Industrial production in Latvia increased at a markedly faster rate in May on strong manufacturing output, after decelerating in the previous month, data released by Statistics Latvia showed Wednesday.
Industrial output increased a calendar adjusted 6 percent annually in May, following the previous month's 3.8 percent gain. In March, the growth rate was 8.5 percent.
Production in the manufacturing sector advanced 7.3 percent year-on-year in May, while mining and quarrying production decreased 3.9 percent. There was a 2.4 percent annual rise in electricity and gas supply during the month, data showed.
Compared to April, when a 1.2 percent month-on-month contraction was recorded, industrial production rose a seasonally adjusted 1.9 percent in May, the agency said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.