Lithuania Economic Outlook
January 29, 2019Growth appears to have recovered somewhat at the end of 2018, on the heels of a disappointing third-quarter outturn due to a lower crop yield and weak external demand. However, despite gaining steam, it was likely still below the average for the year, amid a broader slowdown in the Eurozone. Robust consumption dynamics seem to have continued spearheading the overall expansion in Q4. Easing inflationary pressures and tight labor market conditions likely bolstered households’ disposable income, as reflected by surging retail sales. At an industry level, a sustained deterioration in the mining sector continued to drag on factory output growth in Q4; however, this was more than offset by healthy expansions in the manufacturing and electricity sectors. In the political arena, Prime Minister Saulius Skvernelis announced on 19 January that he would run for president in May. He joins Gitanas Nauseda, a former chief economist of SEB, and Ingrida Simonyte, a former finance minister, as one of the main frontrunners.
Lithuania Economic GrowthAlthough growth is seen losing pace this year amid a less favorable external-sector backdrop, it should remain solid nonetheless on upbeat domestic conditions. Private consumption should be bolstered by a stable inflationary environment and a tightening labor market, while inflows of EU cohesion funds will help sustain healthy growth in investment activity. FocusEconomics analysts see growth clocking in at 2.9% in 2019, down 0.1 percentage points from last month’s forecast, and 2.6% in 2020.
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|Bond Yield||1.25||0.0 %||Jan 30|
|Stock Market||647||0.45 %||Jan 30|
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Lithuania Economic News
April 9, 2019
Consumer prices increased 0.9% from the previous month in March, up from the 0.1% month-on-month increase in February.
March 22, 2019
Industrial output rose 3.8% year-on-year in February, down from the 5.3% rise in January.
March 13, 2019
Consumer prices increased 0.1% from the previous month in February, down slightly from the 0.1% month-on-month increase in January.
March 1, 2019
According to detailed national accounts data released by the Statistical Institute on 1 March, the Lithuanian economy gained momentum at the end of 2018.
February 21, 2019
Industrial output rose 5.3% year-on-year in January, up from the 1.0% rise in December, largely reflecting healthy output growth in the manufacturing sector.