Lithuania Economic Outlook
November 20, 2018
Preliminary national accounts data revealed that annual growth slid in the third quarter, expanding at the slowest clip in two years. The slowdown was largely driven by weakness in the agricultural sector after a drought severely hurt crop yields with the harvest estimated to be about a quarter smaller than last year. In addition, manufacturing production decelerated slightly in Q3, largely on the back of weaker output in the food, furniture and chemical sub-sectors. The transport sector, which accounts for over half of Lithuania’s services exports, also lost some momentum in the quarter. This was reflected in weaker services export growth. Nevertheless, external sector metrics remained overall healthy in Q3 as the competitiveness of Lithuanian exporters in other sectors continued to improve. In addition, domestic demand seems to have remained strong in Q3: Retail sales expanded at the fastest pace since Q1 2016, propped up by tight labor market and moderating inflationary pressures.Lithuania Economic Growth
Although growth is seen losing some traction next year, it should remain healthy, largely thanks to robust domestic demand. Lower unemployment, coupled with a stable inflationary environment and rising wages, should underpin household consumption growth, while EU cohesion fund inflows will keep fixed investment growth elevated. FocusEconomics analysts see growth clocking in at 2.9% in 2019, which is down 0.1 percentage points from last month’s forecast. In 2020, our panelists expect GDP growth to decelerate to 2.6%.Lithuania Economy Data
Sample Report
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Lithuania Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.20 | 0.0 % | Dec 12 |
| Stock Market | 630 | 0.45 % | Dec 12 |
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Lithuania Economic News
Lithuania: Inflation falls in November
December 11, 2018
Consumer prices fell 0.1% from the previous month in November, compared to a 0.6% month-on-month increase in October.
Lithuania: Second estimate confirms a marked deceleration in growth in Q3
November 30, 2018
According to detailed data released by the Statistical Institute on 30 November, the economy expanded 2.4% in annual terms in the third quarter (previously reported: +2.2% year-on-year), down from the second quarter’s 3.8% year-on-year increase.
Lithuania: Industrial production rebounds with vigour in October
November 23, 2018
Industrial output rose 10.9% year-on-year in October, rebounding from September’s 2.5% contraction.
Lithuania: Inflation accelerates in October
November 9, 2018
Consumer prices rose 0.6% from the previous month in October, down from September’s 1.3% month-on-month increase.
Lithuania: Growth loses pace in Q3
October 30, 2018
According to a flash estimate released by the Statistical Institute on 30 October, Lithuanian GDP rose 2.2% in annual terms in the third quarter, down significantly from the second quarter’s 3.8% year-on-year increase.
© Copyright: 2018 | Lithuania Economy | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
