Lithuania: Economic growth accelerates in Q1
April 29, 2016
According to a flash estimate released by the National Statistics Office on 29 April, GDP rose 2.4% in Q1 over the same period last year. The reading represented an acceleration compared to the 2.0% increase tallied in Q4 2015 and, if confirmed, will represent the strongest expansion since Q3 2014.
A quarter-on-quarter comparison showed that GDP increased a seasonally- and working-day adjusted 0.8% in Q1, which was up 0.3 percentage points from Q4’s result. More detailed data will be released on 31 May.
Author: David Ampudia, Economist