Latvia: Economic sentiment improves in November
Latest reading: Economic sentiment went up to 101.3 in November, following October’s 100.8. November’s reading was the highest since February 2022. The index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
In November, sentiment improved in the industrial sector (-3.4 vs -4.2 in October), the services sector (+3.1 vs +2.4 in October) and the retail sector (+5.7 vs +5.2 in October). However, sentiment darkened in the construction sector (-5.4 vs -4.3 in October) and among consumers (-6.4 vs -4.6 in October).