December's business environment figures in the negatives in Latvia

Data of business tendency surveys published by the Central Statistical Bureau (CSB) January 10 show that in December 2021, the values still remained negative.

Bbusiness confidence indicators slightly improved in retail trade and services sector, in industry they remained stable, but in construction business environment the indicators continued worsening.

Business confidence indicators characterize general situation in the sector and they are acquired by carrying out business surveys in industry, construction, retail trade and services sector. If the indicator is above zero, business environment is positive, if it is below zero – business environment is negative.

In December 2021 economic sentiment indicator comprised 99.8, (98.0 – in the previous month). Economic sentiment indicator characterizes general socio-economic situation in the country during a certain period of time (month), and it is calculated by the European Commission, Directorate-General for Economic and Financial Affairs for all EU countries according to a common methodology, taking 15 various seasonally adjusted components included in industry, construction, retail trade and services sector, as well as in consumer confidence indicator, as a basis.

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