Latvia: Economic sentiment picks up in January
Economic sentiment rose to 96.4 in January from December’s 96.0. 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 and construction sectors. Additionally, consumer confidence was up in January. In the meantime, confidence in the services sector cooled in January, and sentiment in the retail sector softened in the surveyed month.
Regarding indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index decreased in January.