Lithuania Economic Outlook
March 26, 2019The economy finished 2018 on a strong note, on the heels of a modest third-quarter outturn. Growth picked up despite fundamentals on both the external and domestic fronts softening compared to Q3, as growth in inventories accelerated. Meanwhile, available data paints a mixed picture for Q1 2019. Economic sentiment dipped to an 11-month low in February, driven by a slump in confidence in the all-important services sector. Consumer demand, however, appears to have remained strong, as reflected by robust retail sales growth in January amid improved consumer confidence and low inflation. In the political arena, Gitanas Nauseda, a former chief economist of SEB, and Ingrida Simonyte, a former finance minister, seem to have cemented their position as the main frontrunners ahead of May’s presidential elections.
Lithuania Economic GrowthGrowth should remain healthy this year, buttressed by domestic demand, although it is seen losing some steam amid softer external demand. Private consumption growth will remain healthy, driven by rising wages and a tight labor market, while inflows from the EU cohesion funds should sustain healthy investment activity. Met the why particular analysts see growth clocking in at 2.9% in 2019, which is unchanged from last month’s forecast, and 2.5% in 2020.
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Lithuania Economic News
April 9, 2019
Consumer prices increased 0.9% from the previous month in March, up from the 0.1% month-on-month increase in February.
March 22, 2019
Industrial output rose 3.8% year-on-year in February, down from the 5.3% rise in January.
March 13, 2019
Consumer prices increased 0.1% from the previous month in February, down slightly from the 0.1% month-on-month increase in January.
March 1, 2019
According to detailed national accounts data released by the Statistical Institute on 1 March, the Lithuanian economy gained momentum at the end of 2018.
February 21, 2019
Industrial output rose 5.3% year-on-year in January, up from the 1.0% rise in December, largely reflecting healthy output growth in the manufacturing sector.