Imports in Latvia
Latvia - Imports (billions of Euros)The economy seems to have slipped into recession in the second quarter, after activity contracted for the first time in nearly a decade in the first quarter. Industrial output dived at the sharpest pace in over 10 years in April amid a broad-based downturn triggered by coronavirus-related restrictions. Similarly, against the backdrop of strict social distancing measures, retail sales declined markedly in April, while the unemployment rate jumped in April–May, signaling a contraction in household consumption as consumers cut back on non-essential spending. Moreover, merchandise exports dived in April, reflecting worsening foreign demand. That said, economic conditions seemingly stabilized somewhat in the second half of the quarter: In May, sentiment pulled away from April’s over one-decade low after authorities gradually lifted lockdown measures and began to reopen international borders.
Latvia - Imports (EUR bn) Data
|Imports (EUR billion)||12.7||12.4||13.9||15.0||15.1|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.55||0.0 %||Jun 30|
|Exchange Rate||1.12||0.65 %||Dec 31|
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July 13, 2020
Consumer prices rose 0.18% from the last month in June, swinging from May's 0.37% drop.
July 6, 2020
Industrial output slid 6.4% in year-on-year terms in May, which was a smaller drop than April's 9.2% decrease.
June 8, 2020
Consumer prices dropped 0.37% in May over the previous month, a softer drop than the 0.55% drop logged in April.
June 3, 2020
Industrial output slid 9.2% year-on-year in April (March: -3.5% yoy).
May 29, 2020
The economy shrank 1.5% year-on-year in the first quarter, according to detailed national accounts data released by Latvia’s Statistical Institute on 29 May.