According to the flash estimate released on 28 July by the National Statistics Office, GDP surged 6.1% in the second quarter over the same period the year before, which was below the 6.9% increase recorded in the previous quarter. The moderation was partially due to a fading base effect, as the economy grew out of recession in the second quarter of 2010. In addition, the result undershot analysts' expectations, which saw the economy expanding 6.6%. During the first half of the year, GDP climbed 6.5% compared to the same period last year. According to the press release, the strong growth in H1 was mainly attributable to growth in industrial production and a recovery in consumption. A quarter-on-quarter comparison corroborates the moderation suggested in the annual figures, as GDP increased a working day and seasonally adjusted 0.2% over the first quarter, when the economy expanded 3.5%. The second quarter expansion represents the sixth consecutive quarterly increase in GDP. More detailed national account data will be published on 30 August. The Central Bank expects GDP will grow 5.6% this year and 4.8% in 2012.
Economy remains buoyant but slows in the second quarter
July 28, 2011
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Lithuania Economic News
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.
August 22, 2016
In July, Lithuania’s industrial production decreased 3.8% over the same month last year.