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Latvia: Economic sentiment hits highest reading since February 2022 in June
Latest reading: Economic sentiment rose to 99.1 in June from May’s 98.6. June’s result marked the best reading since February 2022. However, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected stronger sentiment in the industrial sector and improved consumer confidence. In contrast, there was weaker sentiment in the construction, services and retail sectors.
Considering indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index decreased in June.
