Lithuania Economic Outlook
January 30, 2018Indicators for Q4 suggest economic activity expanded at a sustained pace in the final stretch of 2017, following a moderation in growth in Q3. External demand, especially from the EU, was buoyant in October and November: Year-on-year export growth came in at double-digit rates in both months. Healthy demand for Lithuanian products was reflected in the solid annual expansions in industrial production recorded throughout the quarter. Moreover, after reaching a six-month high in October, the unemployment rate inched down in November. Together with some easing in inflationary pressures, this sustained consumer spending, as suggested by the acceleration in year-on-year growth in retail sales registered in the same month. However, economic sentiment weakened further in December. The decline was almost broad-based and mainly influenced by more pessimistic expectations about production and exports.
Lithuania Economic GrowthIn 2018 the economy should post another year of healthy expansion, although growth is expected to decelerate from last year. Rising wages and a tightening labor market should lift household spending. Moreover, growth in fixed investment will, despite moderating, likely remain robust as monetary policy remains accommodative and EU funds continue to flow in. However, export growth should slow as rising internal costs partially erode competitiveness. The FocusEconomics Consensus Forecast panel expects the economy to expand 3.2% in 2018, unchanged from last month, and 2.9% the following year.
Lithuania Economy Data
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|Bond Yield||1.25||0.0 %||Feb 22|
|Stock Market||668||0.45 %||Feb 22|
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Lithuania Economic News
February 15, 2018
Consumer prices in Lithuania jumped 0.3% in January from the previous month, following December’s flat reading.
January 30, 2018
According to a flash estimate released by the Statistical Institute on 30 January, the Lithuanian economy ended last year on a strong note.
January 23, 2018
Industrial production in Lithuania expanded 5.3% in December in annual terms, coming in below November’s revised 9.6% growth (previously reported: +9.0% year-on-year).
January 10, 2018
Consumer prices in Lithuania remained flat in December from the previous month, following November’s 0.3% increase.
December 11, 2017
Consumer prices in Lithuania increased 0.3% in November from the previous month, following October’s 0.2% increase.