🇱🇻🇱🇹🇪🇪 Baltics: Industry output rose in November, led by manufacturing (Latvia strongest YoY)

Core facts (Nov 2025):

Latvia: industrial output +6.9% YoY (calendar-adjusted), -0.6% MoM (seasonally adjusted). Manufacturing +8.9% YoY; energy & gas supply +3.5% YoY; mining/quarries -25.9% YoY. Jan–Nov: +4.3%.

Lithuania: industrial production +3.0% YoY (working-day adjusted), +5.8% MoM (season & working-day adjusted). Jan–Nov: +3.2%.

Estonia: industrial output +3.4% YoY. By sector: mining +10%, manufacturing +4.5%, energy -8.7%. Seasonally adjusted: industry +6% MoM, manufacturing +7.5% MoM.

What moved the needle:

The vehicles / trailers segment is a visible growth driver across the region (Latvia +32.8% YoY; Lithuania +11% MoM; Estonia +57.7% YoY, with Statistics Estonia linking the jump largely to defence-industry demand).

Energy is the main weak spot (Estonia down YoY; Latvia down MoM; Lithuania’s electricity/gas/steam block down MoM and YoY).

Context (why it matters):

After a softer patch in parts of 2025, November looks like a manufacturing-led rebound across all three Baltics, with export-oriented industry still carrying most of the load (Estonia reports about two-thirds of manufacturing output sold abroad). The mix also hints at a defence-related industrial uplift (especially in Estonia), while energy output remains volatile.

Sources: Latvia CSP (Centrālā statistikas pārvalde); Statistics Lithuania; Statistics Estonia (Statistikaamet).

Image: photos/photo_149@08-01-2026_21-11-40.jpg