Consumption in Lithuania
Lithuania - Consumption
Economy edges up in Q3
According to a preliminary estimate, GDP growth ticked up to 1.8% year on year in the third quarter, from 1.7% in the second quarter. On a seasonally adjusted quarter-on-quarter basis, economic growth accelerated marginally in Q3, to 0.4%, following the previous period's 0.3% increase. A comprehensive Q3 GDP data breakdown will be released on 30 November.
Looking ahead, GDP growth is forecast to wane in the coming quarters. Elevated energy prices are set to crunch household budgets, while tighter monetary conditions will be likely hampering growth in private-sector activity. In addition, an EU-wide slowdown is likely to further weigh on trade, exacerbating the losses logged from the sanctions against Russia and Belarus.
FocusEconomics panelists see GDP expanding 0.7% in 2023, which is down 0.6 percentage points from last month’s forecast, and 2.8% in 2024.
Lithuania - Consumption Data
|Consumption (annual variation in %)||4.1||4.0||3.5||3.7||3.2|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.43||0.0 %||Dec 30|
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November 23, 2022
Industrial output increased 1.0% compared to the same month of the previous year in October, which followed September's 3.6% increase.
November 8, 2022
Harmonized inflation came in at 22.1% in October, down from September’s 22.5%.
October 31, 2022
According to a preliminary estimate, GDP growth ticked up to 1.8% year on year in the third quarter, from 1.7% in the second quarter.
October 24, 2022
Industrial output expanded 3.1% year on year in September (August: +17.0% yoy).
October 8, 2022
Harmonized inflation rose to 22.5% in September from August’s 21.1%.