Latvia: Economic sentiment hits highest reading since February 2022 in July
Latest reading: Economic sentiment rose to 99.5 in July from June’s 99.1, marking the highest level 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 confidence in the retail sector, as well as improving sentiment in the industrial sector and among consumers. Meanwhile, confidence in the services sector flatlined, and sentiment in the construction sector deteriorated.
Among indicators not used to calculate the index, employment expectations weakened, while the economic uncertainty index decreased in July.