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Financial News: Latvia Q3 Growth Revised Up

Latvia Q3 Growth Revised Up

11/29/2019 - 08:43:00 (RTTNews)

(RTTNews) - Latvia's economic grew at a faster-than-estimated rate in the third quarter, latest figures from the Central Statistical Bureau showed on Friday. Gross domestic product grew a non-adjusted 2.9 percent year-on-year following a 1.8 percent increase in the second quarter. The flash estimate was 2.8 percent. Growth was led by a 5.6 percent rise in exports, followed increase of over 4 percent in private consumption and investments. Imports rose 1 percent.

On a seasonally and calendar-adjusted basis, GDP increased 0.7 percent after a 0.8 percent increase in the previous quarter. The flash estimate was not revised.

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