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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
LatviaLatvia Current Account fell to -103M in May 2026
FMPMonthlyReleased July 2026
Latvia Current Account fell to -103M in May 2026, released July 2026, down 19M from April's -84M reading. The print exceeded the -110M consensus by 7M. Current Account has now declined for 3 consecutive months. Over the past 3 months, Current Account averaged -99.83M, vs 3.33M in the prior 3-month window. The reading is in the 27th percentile of the trailing 24-month range.
Latest Release
-103
Actual
-110
Consensus
-84
Previous
Median Absolute Error
±187.63 million
across last 12 releases
Last Call
Jul 2026
Predicted: -79.5
Actual: -103
Error: +23.5
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
Current Account (Latvia) was reported at -103.00 million in July 2026. This beat the market consensus of -110.00 million by 7.00 million. The reading fell from the previous value of -84.00 million. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged -71.21 million, ranging from -296.00 million to 114.00 million across 14 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged -62.83 million, down from the prior three at -34.33 million. Volatility over the past year (σ 109.83 million) is higher than the prior year (σ 94.53 million). In July readings over the past 3 years, Current Account has averaged -78.67 million.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 187.63 million.
WHAT TO WATCH NEXT
The next release is scheduled for August 13, 2026.
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Current Account - LV
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About Current Account — Latvia
DEFINITION
The Current Account is a financial indicator that measures a country's trade balance, including the value of goods and services exported and imported, as well as income received and payments made to other countries. It provides insight into a nation's economic health and its ability to pay for imports and service its debt. A positive current account balance indicates a surplus, while a negative balance indicates a deficit. This indicator is closely monitored by investors, policymakers, and economists as it can impact a country's currency value and overall economic stability.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual -103 M, consensus -110 M. Prior reading (Apr 2026): -84 M. Before that (Jan 2026): -1.5 M.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish S&P 500, r=0.70) — a useful reference for index-focused traders.
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Economic Calendar - LV Events
| Tuesday, August 4, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 10:00 | LV | Industrial Production MoM | 0.4 | -0.6 | -0.60 | Low | |
| 10:00 | LV | Industrial Production YoY | 6.2 | 5.5 | 5.50 | Low | |