Latvia Consumer Spending
Latvia · Quarterly series · EC-LV-CS
Latest, Q2 2026
4.63B EUR
+2.4% from Q1 2026
Forecast
Forecast for Q2 2027: 4.72B EUR, with an 80% interval of 4.38B EUR to 5.04B EUR.
| Period | Forecast | 80% low | 80% high |
|---|---|---|---|
| Q3 2026 | 4.87B EUR | 4.71B EUR | 5.04B EUR |
| Q4 2026 | 4.78B EUR | 4.65B EUR | 4.90B EUR |
| Q1 2027 | 4.61B EUR | 4.36B EUR | 4.85B EUR |
| Q2 2027 | 4.72B EUR | 4.38B EUR | 5.04B EUR |
AI confidence
Supported evidenceThe point forecast beat the no-change baseline overall and in a majority of the evaluated tests.
Model: Agentic Investor TSFM (foundation model)
- Accuracy vs naive
- +20%Beats the no-change baseline over 8 tests (8 tests, 6 won)
- Direction
- 62%No clear edge over a coin flip (20 of 32 calls right in 8 tests)
- Turning points
- 14 of 15Anticipated most turns (15 turns in 8 tests, 0 without a turn)
- Error vs baseline
- 20% lowerError ratio 0.80; 1.00 is a tie.
- Tests won
- 6 / 8Complete rolling backtests; ties count as no win.
- Test period
- 2018-09-01 to 2026-06-014 observations ahead per test.
- 80% band coverage
- 84%Observed outcomes inside the band across all stored test windows.
- Band coverage uses all stored test windows, including model-selection windows when present; it does not determine the confidence label.
- Evaluated 2026-11-14 against the cached history through 2026-06-01.
- This is an evaluation of the serving model; it does not establish a winner across four model classes.
How this assessment is made
AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.
Model comparison
Comparison pendingA new ticker first receives its serving model's forecast and evaluation. An eligible nightly batch can compare both candidates, subject to call budgets and retry limits.
Reading
It is above 92% of the 39 earlier readings since Q3 2016.
Recent history (24 observations)
| Period | Value |
|---|---|
| Q2 2026 | 4.63B EUR |
| Q1 2026 | 4.52B EUR |
| Q4 2025 | 4.68B EUR |
| Q3 2025 | 4.80B EUR |
| Q2 2025 | 4.46B EUR |
| Q1 2025 | 4.37B EUR |
| Q4 2024 | 4.63B EUR |
| Q3 2024 | 4.75B EUR |
| Q2 2024 | 4.51B EUR |
| Q1 2024 | 4.27B EUR |
| Q4 2023 | 4.48B EUR |
| Q3 2023 | 4.52B EUR |
| Q2 2023 | 4.30B EUR |
| Q1 2023 | 4.24B EUR |
| Q4 2022 | 4.52B EUR |
| Q3 2022 | 4.61B EUR |
| Q2 2022 | 4.38B EUR |
| Q1 2022 | 4.25B EUR |
| Q4 2021 | 4.37B EUR |
| Q3 2021 | 4.43B EUR |
| Q2 2021 | 4.04B EUR |
| Q1 2021 | 3.73B EUR |
| Q4 2020 | 3.91B EUR |
| Q3 2020 | 4.25B EUR |
Source
Data: public market data feeds.
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Also stored for Latvia
- Latvia Asylum Applications
- Latvia Balance Of Trade
- Latvia Bank Lending Rate
- Latvia Banks Balance Sheet
- Latvia Building Permits
- Latvia Business Confidence Index
- Latvia CPI Housing Utilities
- Latvia CPI Transportation
- Latvia Capacity Utilization
- Latvia Capital Flows
- Latvia Car Registrations
- Latvia Central Bank Balance Sheet