Lithuania Economic Outlook
September 27, 2016Lithuania’s economy shifted into a lower gear in the second quarter. Economic activity grew by 1.9% in Q2, which was markedly below the 2.4% increase recorded in the first quarter. The reading was the result of still buoyant private consumption being partially muted by softer export growth. Household spending has been largely supported by improved levels of employment and sustained wage hikes. Higher private spending has also repeatedly translated into better-than-expected revenue collections, which grants the government more room for policy maneuvering without undoing its past consolidation efforts. Nonetheless, strong wage-driven revenue performance will become difficult to sustain if productivity gains continue to lag behind salary growth—a problem which will also eventually cause harm to export volumes.
Lithuania Economy Data
5 years of Lithuania economic forecasts for more than 30 economic indicators.
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Lithuania Economic Growth
September 27, 2016Robust macroeconomic fundamentals, stable public finances and dynamic private consumption will sustain growth this year. Nonetheless, headwinds will gradually temper the outlook due to spillover effects from Brexit and a gradually strengthening euro. Consensus Forecast panelists project that the economy will increase 2.6% in 2016, which is down 0.1 percentage points from last month’s forecast. In 2017, the panel expects the economy to expand 3.0%.
Lithuania Economic News
October 21, 2016
In September, Lithuania’s industrial production rose a noteworthy 8.0% from the same month last year, the highest reading in eight months.
October 10, 2016
Consumer prices in Lithuania rose 0.6% in September from the previous month, which contrasted the 0.5% drop in August.
September 21, 2016
In August, Lithuania’s industrial production rose 1.6% over the same month last year.
September 8, 2016
Consumer prices fell 0.5% over the previous month in August, which was slightly above July’s 0.7% drop.
August 30, 2016
GDP rose 1.9% in annual terms in Q2, according to detailed data released by the National Statistics Office on 30 August.