Latvia: Economic sentiment rises to over two-year high in September
Latest reading: Economic sentiment rose to 98.4 in September, up from August’s 97.3. September’s result marked the strongest sentiment since February 2022. That said, 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, retail and construction sectors plus stronger consumer confidence. However, confidence in the services sector cooled in September.
Relating to indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index decreased in September.