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 |
|
|
1.0715 -32 pips |
1.0804 -57 pips |
1.07469 | |
| EURAUD |
|
|
1.6293 -44 pips |
1.6423 -86 pips |
1.63374 | |
| EURJPY |
|
|
163.7643 -337 pips |
165.8713 +127 pips |
167.137 | |
| EURCAD |
|
|
1.4688 -66 pips |
1.4769 -15 pips |
1.47537 | |
| EURCHF |
|
|
0.9613 -147 pips |
0.9845 -85 pips |
0.97601 | |
| EURCZK |
|
|
25.3748 +3578 pips |
0 +250170 pips |
25.01701 | |
| EURGBP |
|
|
0.8580 -19 pips |
0.8629 -30 pips |
0.85990 | |
| EURHUF |
|
|
383.8296 -476 pips |
390.0976 -151 pips |
388.59 | |
| EURNOK |
|
|
10.9228 -7981 pips |
11.7476 -267 pips |
11.7209 | |
| EURNZD |
|
|
1.7789 -121 pips |
1.7984 -74 pips |
1.79104 |
News (EUR)
German Industrial Production Declines In March
Germany's industrial production declined for the first time in three months in March driven by the decreases in consumer and intermediate goods output, official data revealed Wednesday. Industrial production declined 0.4 percent on a monthly basis, in contrast to the 1.7 percent increase in February, Destatis reported.
RTTNews | 12h 17min ago
German Exports Rebound; Industrial Orders Data Disappoint
Germany's exports rebounded at a faster-than-expected pace in March, while industrial orders declined unexpectedly on weak domestic demand, pouring cold water on hopes of better economic recovery. Exports gained 0.9 percent on a monthly basis, reversing a 1.6 percent fall in February, which was revised from a 0.2 percent gain reported initially, Destatis said Tuesday. Shipments were forecast to
RTTNews | 1 day ago
Eurozone Private Sector Growth Accelerates In April
The euro area private sector growth accelerated to an 11-month high in April driven by the service sector, final survey results from S&P Global showed on Monday. The HCOB composite output index rose to 51.7 in April from 50.3 in the previous month. The flash estimate was 51.4.
RTTNews | 2 days ago
