Lithuania: Economic sentiment hits highest reading since January in September
Economic sentiment rose to 95.8 in September from August’s 93.7. September’s result marked the best reading since January. However, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected stronger sentiment in the industrial sector outweighing dampened sentiment in the construction sector. Additionally, sentiment in the services sector increased in September, while confidence in the retail sector improved in the month. Lastly, consumer confidence was up in September.
Considering indicators that are not used to calculate the index, employment expectations were unchanged, while the economic uncertainty index fell in September.