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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
LatviaLatvia Industrial Production MoM climbed to 0.3% in August 2026
FMPMonthlyReleased October 2026
Latvia Industrial Production MoM climbed to 0.3% in August 2026, released October 2026, up 0.2% from July's 0.1% reading. The reading missed the 0.4% consensus by 0.1%. Industrial Production MoM has now risen for 3 consecutive months. Over the past 3 months, Industrial Production MoM averaged -0.35%, vs 0.6% in the prior 3-month window. The reading is in the 54th percentile of the trailing 24-month range.
Latest Release
0.3
Actual
0.4
Consensus
0.1
Previous
Median Absolute Error
±0.66 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: 0.28
Actual: 0.3
Error: -0.02
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| BTC/USD | ▼ Inverse | −0.68 | CRYPTO | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.61 | FOREX | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.52 | INDEX | Moves against | → View |
| XAU/USD | ▼ Inverse | −0.38 | COMMODITIES | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Industrial Production MoM (Latvia) was reported at 0.3% in October 2026. This missed the market consensus of 0.4% by 0.1%. The reading rose from the previous value of 0.1%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 0.44%, ranging from -1.4% to 3.2% across 10 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged -0.13%, down from the prior three at 1.23%. Volatility over the past year (σ 1.28%) is lower than the prior year (σ 1.45%). In October readings over the past 3 years, Industrial Production MoM has averaged -0.03%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.66%.
WHAT TO WATCH NEXT
The next release is scheduled for November 4, 2026.
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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Industrial Production MoM - LV
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About Industrial Production MoM — Latvia
DEFINITION
Industrial Production MoM (Month-over-Month) is a key economic indicator that measures the change in the total output of the manufacturing, mining, and utilities sectors within a specific country or region over a one-month period. This indicator provides valuable insights into the health and growth of the industrial sector, which is a crucial component of a country's overall economic performance. It is closely monitored by investors, policymakers, and analysts as it can impact inflation, employment, and consumer spending. A positive MoM change in industrial production indicates a growing economy, while a negative change may signal a slowdown or contraction.
WHY THIS INDICATOR MATTERS
Manufacturing and factory-order series capture cyclical inflection earlier than aggregate output, and have outsized influence on industrial-sector equities. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 0.3 %, consensus 0.4 %. Prior reading (Jul 2026): 0.1 %. Before that (Jun 2026): -0.8 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with BTC/USD (Bearish BTC, r=-0.68) — a useful reference for crypto-focused traders.
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