Latvia: Economic sentiment eases to a four-month low in May
Economic sentiment fell to 97.6 in May from April’s 98.3. Consequently, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected languished sentiment in the industrial sector and weaker confidence in the retail sector. That said, sentiment in the construction sector and among consumers improved in May. Moreover, confidence in the services sector strengthened.
Considering indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index decreased in May.