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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
LatviaLatvia Industrial Production MoM climbed to 0.4% in May 2026
FMPMonthlyReleased July 2026
Latvia Industrial Production MoM climbed to 0.4% in May 2026, released July 2026, up 0.3% from April's 0.1% reading. The print exceeded the 0.3% consensus by 0.1%. Year-over-year, the indicator is down 0.1%. Over the past 3 months, Industrial Production MoM averaged 0.7%, vs -0.02% in the prior 3-month window. The reading is in the 50th percentile of the trailing 24-month range.
Latest Release
0.4
Actual
0.3
Consensus
0.1
Previous
Median Absolute Error
±1.64 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 0.55
Actual: 0.4
Error: +0.15
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 | −0.69 | CRYPTO | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.51 | INDEX | Moves against | → View |
| XAU/USD | ▼ Inverse | −0.41 | COMMODITIES | Moves against | → View |
| USD/JPY | ▼ Inverse | −0.39 | FOREX | 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 0.4% in July 2026. This beat the market consensus of 0.3% by 0.1%. The reading rose from the previous value of 0.1%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 0.44%, ranging from -2.4% to 3.2% across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 1.23%, up from the prior three at -0.2%. Volatility over the past year (σ 1.55%) is comparable than the prior year (σ 1.54%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). A secondary relationship exists with S&P 500, negatively correlated (Bearish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 1.64%.
WHAT TO WATCH NEXT
The next release is scheduled for August 4, 2026.
Auto-generated from current model state · Refreshes on each release · Last update July 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 (May 2026): actual 0.4 %, consensus 0.3 %. Prior reading (Apr 2026): 0.1 %. Before that (Mar 2026): 1.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with BTC/USD (Bearish BTC, r=-0.69) — a useful reference for crypto-focused traders.
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