Lithuania: Economic sentiment rises in March
Economic sentiment rose to 96.7 in March from February’s 96.1. As a result, 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 construction and retail sectors, and improving confidence in the services sector. Moreover, consumer confidence increased in March. Less positively, sentiment in the industrial sector declined.
Considering indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index increased in March.