Latvia: Economic sentiment rises to over two-year high in November
Latest reading: Economic sentiment came in at 98.5 in November, up from October’s 98.0. November’s result marked the strongest sentiment since February 2022. However, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected stronger sentiment in the industrial sector and improving consumer confidence. Less positively, November marked dampened sentiment in the construction and retail sectors. Meanwhile, confidence in the services sector weakened in November.
Relating to indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index decreased in November.