Analytics, Baltic, Economics, Society

The indices for both Estonia and Latvia remain in the ‘Weak Sentiment’-area, while Lithuania has now gone up to a ‘Neutral Sentiment’.

Also here we see the same trends; Latvia is dropping, Estonia is stable and Lithuania shows a clear increase. All of the countries are experiencing a ‘Neutral Sentiment’, although Latvia is getting close to the ‘Weak Sentiment’-level.

Regional Results

Estonia:

The indices are clearly highest in Tallinn and Harjumaa. The difference in the optimism about the personal economy is especially large, although this region also experiences a higher optimism regarding the national economy. The weakest sentiments are observed for Ida-Virumaa.

Latvia:

For Latvia we note that people of Riga are the most optimistic, both regarding their personal and the national economy. Shockingly low indices are observed in Latgale.

Lithuania:

The people in Vilnius are clearly more optimistic regarding their personal economy than people elsewhere in Lithuania. For the national economy the order is the same, but here we have smaller differences. For Marijampolė & Alytus counties we see clearly lower indices than for the other counties.

This survey is based on around 3,000 phone interviews with citizens of the Baltic countries. The interviews were conducted during the third quarter of 2013.

EPSI Rating is an international analysis methodology that measures different companies’ and organisations’ non-financial KPI’s (Key Performance Indicators). Benchmark research is carried out in more than 30 different industries. The syndicated research was started in Sweden in 1989 and 1999 the research was broadened by initiative of the EU-commission to cover several European countries. The indices in this survey are comparable to similar studies in the U.S. and Asia.

The Baltic survey is part of the international EPSI Rating Research Programme. This research is coordinated by EPSI Research Center, which does close cooperation with Stockholm School of Economics in its academic development work.

Since 2005 EPSI Rating is surveying consumer sentiment for the next 12 months, both regarding the personal and the national economic situation. This is done in order to estimate where the both the consumption and the economy of the country as a whole are headed.

The indices are on the 0-100 scale – the higher the score, the more optimistic the consumers are about the future.