Lithuania Economic Outlook
September 25, 2018The economy accelerated slightly in the second quarter, driven largely by stronger household consumption. Second-quarter gains in household spending came on the back of steeper wage increases and a tighter labor market. Robust fixed investment growth, meanwhile, broadly carried over from the previous quarter, bolstered by sustained flows of foreign direct investment. Moreover, although trade activity decelerated significantly in Q2, the external sector’s overall contribution to GDP improved slightly from Q1, due to a marked slump in imports growth. Available indicators suggest momentum has carried into the third quarter. Higher manufacturing output in July propped up overall industrial production growth. This was reflected by solid economic activity readings which remained well-entrenched in positive territory in July and August. Lastly, strong retail sales in the same month pointed to sustained private consumption dynamics.
Lithuania Economic GrowthStrong domestic demand momentum is expected to continue driving GDP growth this year and next, on the back of a sustained tightening of labor market conditions and a stabilizing inflationary environment. In addition, investment activity should remain buoyant, partly due to a more effective absorption of EU structural funds. Met the why particular panelists project the economy to expand 3.5% in 2018 and 2.9% in 2019, which is unchanged from last month’s forecast.
Lithuania Economy Data
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|Bond Yield||1.20||0.0 %||Oct 18|
|Stock Market||669||0.45 %||Oct 18|
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Lithuania Economic News
October 17, 2018
Consumer prices increased 1.3% from the previous month in September, marking the strongest rise in nearly 11 years (August: -0.4% month-on-month).
September 21, 2018
Industrial production rose 3.5% year-on-year in August, down markedly from July’s 7.0% jump (previously reported: +6.0% year-on-year).
September 11, 2018
Consumer prices fell 0.4% from the previous month in August, marking the second consecutive monthly decline (July: -0.5% month-on-month).
August 31, 2018
According to detailed data released by the Statistical Institute on 31 August, the economy expanded 3.8% in annual terms in the second quarter (previously reported: +3.7% year-on-year), a notch above the first quarter’s 3.7%.
August 23, 2018
Industrial production surged 6.0% year-on-year in July, picking up pace from June’s 2.6% increase.