Letonia - PIB - Tasa de crecimiento trimestral

The Latvian economy shrank 0.1 percent on quarter in the first three months of 2019, below an earlier estimate of a 0.3 percent contraction and after a downwardly revised 0.9 percent growth in the previous period, final figures showed. It was the first contraction since the fourth quarter of 2015, as construction output contracted (-0.7 percent vs 5.6%) and growth slowed in agriculture, forestry, fishing (1.4% vs 4.5%); manufacturing (a flat reading vs 2.4% in Q4); information & communication (1.2% vs 3.2); arts, entertainment and recreation (1.6% vs 1.7%) and professional, scientific and technical activities (0.8% vs 1%). Meanwhile, output fell less in mining & utilities (-4.2% vs -4.8%); finance & insurance (-6.4% vs -9.9%); real estate activities (-1.2% vs -4.7%). Year-on-year, the GDP advanced 3 percent, the weakest growth since the third quarter of 2018, easing from a 5.1 percent expansion in the prior quarter but higher than a flash estimate of 2.8 percent.

The Latvian economy shrank by 0.3 percent on quarter in the first three months of 2019, after a downwardly revised 0.9 percent growth in the previous period, preliminary estimates showed. It was the first contraction since the fourth quarter of 2015. Year-on-year, the GDP expanded 2.8 percent, slowing from a 5.1 percent advance in the prior quarter. It was the weakest growth rate since the third quarter of 2016. Positive contributions came from construction and services.

The Latvian economy advanced 1.2 percent on quarter in the three months to December of 2018, slightly above an earlier estimate of 1.1 percent, but slowing from a downwardly revised 1.6 percent growth in Q3. Output expansion was mainly observed in: manufacturing (2.6% vs 0.1% in Q3); construction (7.5% vs 1.0%); information & communication (4.3% vs 3.5%); arts, entertainment and recreation (1.6% vs 1.2%); health and social work (1.4% vs 1.2%); professional, scientific and technical activities (1.0% vs 0.9%) and agriculture, forestry, fishing (4.4% vs -0.4%). In contrast, finance & insurance (-10% vs 0.9%); real estate activities (-4.6% vs 6.9%) and mining & utilities (-3.5% vs 1.9%) contracted significantly. Year-on-year, the GDP expanded 5.1 percent, compared to a preliminary reading of 5 percent and a downwardly revised 4.5 percent advance in the previous period. In 2018, the Latvian economy grew 4.8 percent, above 4.6 percent in the previous year and at the fastest rate since 2011.

The Latvian economy advanced 1.1 percent on quarter in the three months to December of 2018, compared to an upwardly revised 1.8 percent rise in the previous period, initial estimates showed. It is the slowest expansion since the fourth quarter of 2017. On a yearly basis, the gross domestic product grew 5.0 percent after an upwardly revised 4.8 percent rise in the third quarter. Positive contributions to GDP growth are expected to come from construction (24%), industry (2%) and services (4%).