Business Confidence in Latvia increased to 2.80 points in April from -2.60 points in March of 2021. source: Central Statistical Bureau of Latvia

Business Confidence in Latvia averaged -6.96 points from 1993 until 2021, reaching an all time high of 12.50 points in March of 2007 and a record low of -44.70 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. Latvia Business Confidence - values, historical data and charts - was last updated on May of 2021.

Business Confidence in Latvia is expected to be -5.00 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 -1.00 in 12 months time. In the long-term, the Latvia Business Confidence is projected to trend around 2.00 points in 2022 and 3.00 points in 2023, according to our econometric models.

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Latvia Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
2.80 -2.60 12.50 -44.70 1993 - 2021 points Monthly
NSA

Latvia Business Last Previous Highest Lowest Unit
Business Confidence 2.80 -2.60 12.50 -44.70 points [+]
Industrial Production 4.70 2.70 23.20 -25.90 percent [+]
Industrial Production Mom 0.50 1.10 6.20 -8.00 percent [+]
Manufacturing Production 0.80 2.30 27.70 -29.60 percent [+]
Capacity Utilization 75.00 73.10 77.40 43.70 percent [+]
Car Registrations 3451.00 3204.00 9388.00 1070.00 [+]
Internet Speed 16580.44 17189.85 18326.11 3101.80 KBps [+]
IP Addresses 878525.00 831199.00 878525.00 273180.00 IP [+]
Mining Production -8.00 4.00 103.30 -35.70 percent [+]
Corruption Index 57.00 56.00 58.00 27.00 Points [+]
Corruption Rank 42.00 44.00 71.00 40.00 [+]
Ease of Doing Business 19.00 19.00 31.00 14.00 [+]
Electricity Production 704.00 590.00 995.00 159.00 Gigawatt-hour [+]
Changes In Inventories -147152.00 53791.00 497177.00 -294453.00 EUR Thousand [+]
Competitiveness Index 66.98 66.25 66.98 4.05 Points [+]
Competitiveness Rank 41.00 42.00 70.00 41.00 [+]


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.