FX.co ★ Latvian Industrial Surge: February Sees Production Spike to 3.1%

Latvia's industrial production sector has experienced a significant uptick, as recent figures reveal a sharp increase for February 2025. The latest data, updated on April 3, 2025, shows the industrial production growth rate has reached 3.1%, a notable rise from January's 0.6%.

This February indicator reflects a year-over-year comparison, highlighting the robust expansion of Latvia's industrial activities compared to the same month last year. January's performance, while positive, was a more modest gain in comparison, underscoring February's stronger economic momentum.

Analysts attribute this surge to several factors, including increased global demand for Latvian manufactured goods and successful industrial strategy adjustments. Market observers will be closely watching the upcoming months to see if this growth trend in Latvia's industrial production will persist as the economy continues to adapt and expand in an evolving global market.