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 |
|
|
1.0535 +48 pips |
1.0777 -290 pips |
1.04866 | |
| EURAUD |
|
|
1.6134 -109 pips |
1.6354 -111 pips |
1.62429 | |
| EURJPY |
|
|
152.3546 -422 pips |
161.5054 -493 pips |
156.572 | |
| EURCAD |
|
|
1.4635 -119 pips |
1.4872 -118 pips |
1.47543 | |
| EURCHF |
|
|
0.9338 +40 pips |
0.9511 -213 pips |
0.92980 | |
| EURCZK |
|
|
25.2779 +451 pips |
0 +252328 pips |
25.23280 | |
| EURGBP |
|
|
0.8315 +16 pips |
0.8386 -87 pips |
0.82992 | |
| EURHUF |
|
|
400.7279 -1412 pips |
413.0868 +176 pips |
414.85 | |
| EURNOK |
|
|
10.7403 -9278 pips |
11.7392 -711 pips |
11.6681 | |
| EURNZD |
|
|
1.7802 -44 pips |
1.7969 -123 pips |
1.78455 |
News (EUR)
Eurozone Manufacturing Activity Contracts In November
The Eurozone manufacturing sector contracted further in November on stronger declines in factory orders, production, purchasing activity and inventories, survey results from S&P Global showed on Monday. The HCOB factory Purchasing Managers' Index fell to 45.2 in November from 46.0 in October. The pace of decline was stronger than seen on average over the current period of decline.
RTTNews | 9h 25min ago
German Unemployment Rises Less Than Forecast
German unemployment increased less than expected in November despite companies reporting job cuts, figures from the Federal Employment Agency revealed Friday. The jobless rate came in at 6.1 percent, the same as in September and October. Also, the rate matched expectations. The number of people out of work increased only 7,000 after rising 26,000 in the previous month.
RTTNews | 3 days ago
French GDP Growth Accelerates; Inflation Rises Marginally
The French economic growth accelerated as estimated in the third quarter on the Paris Olympic and Paralympic Games and inflation rose only marginally in November, official data revealed on Friday. Gross domestic product logged a quarterly growth of 0.4 percent in the third quarter, which was unchanged from the previous estimate, the statistical office INSEE reported. This follows a 0.2 percent ri
RTTNews | 3 days ago
