Latvia GDP Growth Rate QoQ
Increasing consumption and credit in Latvia have been the primary drivers of the country's GDP growth in recent years. The most important sectors in the country include synthetic fibers, agricultural machinery, fertilizers, radios, electronics, medicines, processed foods, textiles, and timber. Among the expenditure components of GDP, household consumption dominates, accounting for 61% of total usage. Gross fixed capital formation (23%) and government expenditure (18%) are the next most important components. Exports of goods and services account for 59% of total GDP, while imports account for 62%, resulting in a 3% reduction in total GDP as a result of the trade imbalance. Latvia became a member of the Eurozone in 2014.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.
Forex Sentiment (EUR)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURUSD |
|
|
1.1281 -403 pips |
1.1583 +101 pips |
1.16840 | |
| EURAUD |
|
|
1.7163 -695 pips |
1.7958 -100 pips |
1.78577 | |
| EURJPY |
|
|
164.6923 -705 pips |
170.6107 +113 pips |
171.739 | |
| EURCAD |
|
|
1.5588 -463 pips |
1.6096 -45 pips |
1.60508 | |
| EURCHF |
|
|
0.9351 +3 pips |
0.9478 -130 pips |
0.93478 | |
| EURCZK |
|
|
24.5218 +960 pips |
0 +244258 pips |
24.42580 | |
| EURGBP |
|
|
0.8570 -73 pips |
0.8658 -15 pips |
0.86434 | |
| EURHUF |
|
|
395.9733 +66 pips |
405.0881 -977 pips |
395.32 | |
| EURNOK |
|
|
10.6220 -11223 pips |
11.7581 -138 pips |
11.7443 | |
| EURNZD |
|
|
1.9089 -708 pips |
1.9834 -37 pips |
1.97973 |
News (EUR)
German Inflation Accelerates To 2.2% In August
Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 1 day ago
German Unemployment Exceeds 3 Mln
Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | 1 day ago
French Inflation Cools; Economy Expands As Estimated
France's consumer price inflation softened in August on weaker growth in transport costs and the economy logged a faster growth as estimated in the second quarter, official data revealed Friday. Consumer price inflation weakened marginally to 0.9 percent in August from 1.0 percent in July, provisional data from the statistical office INSEE showed.
RTTNews | 1 day ago
