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Latvia Economic Sentiment September 2023

Latvia: Economic sentiment hits six-month high

Economic sentiment came in at 96.2 in September, up from August’s 94.7. September’s result marked the strongest sentiment since March. Nevertheless, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.

The headline print reflected decreased pessimism in both the industrial and construction sectors. That said, confidence in the services sector rebounded in September, while confidence in the retail sector improved in the month. Finally, consumer sentiment picked up in September.

Considering indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index fell in September.

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