Business Confidence in Latvia decreased to -6.60 Index Points in November from -5.70 Index Points in October of 2019. Latvia Business Confidence - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Business Confidence in Latvia averaged -7.03 Index Points from 1993 until 2019, reaching an all time high of 12.50 Index Points in March of 2007 and a record low of -44.70 Index Points in July of 1993. This page provides the latest reported value for - Latvia Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Business Confidence in Latvia is expected to be 0.10 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Latvia to stand at -3.00 in 12 months time. In the long-term, the Latvia Business Confidence is projected to trend around -3.00 points in 2021, according to our econometric models.

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Latvia Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-6.60 -5.70 12.50 -44.70 1993 - 2019 points Monthly

Latvia Business Confidence
In Latvia, Industrial confidence indicator measures the level of optimism that people who run companies have about the performance of the economy and how they feel about their organizations’ prospects. Business confidence surveys can provide useful signs about the current condition of the economy, because companies often have information about consumer demand sooner than government statisticians do.