Investment in Latvia
Latvia - Investment
Growth decelerates in Q1
Growth decelerated to 2.8% in year-on-year terms in the first quarter of the year, down sharply from the previous quarter’s 5.1% increase and marking the weakest expansion since Q3 2016. The deceleration was led by a marked slowdown in investment growth, particularly in the construction sector, and a largely stagnant industrial sector weighed on by a contraction in electricity, gas and heat supply.
In seasonally-adjusted quarter-on-quarter terms, the economy contracted 0.3% in the first quarter, following the healthy 0.9% expansion recorded in the final quarter of last year. The first quarter result marked the first contraction in output in over three years.
The Central Bank forecasts growth of 3.5% in 2019 and 3.1% in 2020. Met the why particular panelists also expect GDP to increase 3.5% in 2019, which is unchanged from last month’s forecast, and 3.1% in 2020.
Latvia - Investment Data
|Investment (annual variation in %)||-6.0||0.1||-0.5||-15.0||16.0|
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 %||May 13|
|Stock Market||1,017||0.17 %||May 13|
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May 7, 2019
Industrial output increased 1.5% in working day-adjusted year-on-year terms in March, contrasting February’s 3.2% fall, which had marked the worst result in over five years.
April 30, 2019
Growth decelerated to 2.8% in year-on-year terms in the first quarter of the year, down sharply from the previous quarter’s 5.1% increase and marking the weakest expansion since Q3 2016.
April 15, 2019
Consumer prices rose 1.1% from the previous month in March, accelerating sharply from February’s 0.1% increase.
April 8, 2019
According to Latvia’s Central Statistical Bureau, industrial output dropped 3.2% in working day-adjusted year-on-year terms in February, an over five-year low and a steeper decline than January’s 1.8% fall.
March 15, 2019
Consumer prices rose 0.1% from the previous month in February, moderating from January’s 0.5% increase.