Latvia: Economic sentiment picks up in February
Latest reading: Economic sentiment rose to 98.3 in February from January’s 97.4. As a result, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected improved sentiment in the industrial and construction sectors. Moreover, confidence in the services sector and among consumers strengthened in February. Meanwhile, sentiment in the retail sector waned in the surveyed month.
Considering indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index fell in February.