GDP surged 6.6% annually in the third quarter, according to the flash estimate released on 28 October by the National Statistics Office. The robust third quarter print came in above the 6.5% increase recorded in the previous quarter (previously reported: +6.3% year-on-year). A quarter-on-quarter comparison, however, does not corroborate the acceleration suggested in the annual figures, as GDP increased a seasonally and working-day adjusted 1.3% over the second quarter, when the economy expanded 1.8%. That said, the third quarter expansion represents the seventh consecutive quarter-on-quarter increase in GDP. The Central Bank expects GDP will grow 5.6% this year and 4.8% in 2012.
Economy picks up in the third quarter
October 28, 2011
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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.