LV: Latvias economic confidence strong-EC.

By bne IntelliNews October 1, 2012
According to the data by the European Commission, Latvias economic confidence index gained 0.2pps m/m to 104.3% in September. This is higher than in Lithuania (99.3%, up by 1.3pps m/m) and Estonia (100.6%, down by 1.7pps m/m). Notably, in September the confidence index was above historical mean only for Estonia, Latvia and Sweden. EU and Eurozone indexes were 86.1% and 85%, respectively. The index is a composite seasonal adjusted confidence indicator for manufacturing, retail, building, services, as well as for consumers.
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