Imports in Latvia
Latvia - Imports (percent change based on Euros)The economic panorama is darkening further in Q2, after the economy shrank for the first time in nearly a decade in Q1. Plunging consumer demand chiefly drove the first-quarter contraction, with household consumption contracting at the sharpest rate in over 10 years amid constraining effects of Covid-19. Turning to Q2, business sentiment plunged to an over 10-year low in April and slipped further in May, signaling that private sector activity will have contracted sharply in the quarter. Similarly, restrictions to contain Covid-19 likely curtailed consumer spending in April–May, as unemployment likely soared, while collapsing external demand continued to hinder exports. More positively, however, authorities have been gradually easing restrictions since early May which should give the economy some much-needed respite at the end of Q2.
Latvia - Imports (EUR bn, %) Data
|Imports (annual variation in %)||2.2||-1.0||-2.3||11.9||7.5|
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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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.
April 30, 2020
The economy shrank 1.4% year-on-year in the first quarter of this year, according to preliminary national accounts data released by Latvia’s Statistical Institute on 30 April (Q4 2019: +1.0% year-on-year).
April 8, 2020
Consumer edged up 0.3% from the previous month in March, accelerating slightly from February’s 0.1 increase.
April 3, 2020
Industrial production rose 0.8% in annual working-day adjusted terms in February, after falling 4.5% in January, which had marked the sharpest contraction in industrial output in over ten years.
March 10, 2020
Industrial production dipped 4.5% in annual working-day adjusted terms in January, worsening from December’s 3.2% decrease.