Current Account in Lithuania
Lithuania - Current AccountGrowth momentum appears to have softened slightly in the third quarter following the second quarter’s healthy outturn, which was underpinned by buoyant investment activity and sturdier consumer demand. Industrial production fell at the sharpest pace in over three years in August, reflecting plummeting mining and quarrying output and a downturn in the all-important manufacturing sub-sector. On top of that, retail sales slowed to an 18-month low in the same month amid an uptick in the unemployment rate, signaling weaker private spending. On the external front, merchandise exports slipped in July–August on faltering demand from the EU and seemingly remained weak in September, with consumer confidence falling to a year-to-date low and economic sentiment edging down in the month.
Lithuania - Current Account Data
|Current Account (% of GDP)||0.8||3.6||-2.1||-0.7||0.8|
5 years of economic forecasts for more than 30 economic indicators.
Lithuania Current Account Chart
Source: Lithuania Central Bank and FocusEconomics calculations.
|Bond Yield||0.20||0.0 %||Sep 04|
|Stock Market||688||0.45 %||Sep 04|
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November 11, 2019
Consumer ticked up 0.1% month-on-month in October, moderating from September’s 0.9% increase.
October 30, 2019
According to preliminary national accounts data released by Lithuania’s Statistical Institute on 30 October, GDP rose 3.6% in year-on-year terms in the third quarter, down from the second quarter’s 3.8% expansion and marking the softest expansion since Q3 2018.
October 9, 2019
Consumer prices jump 0.9% month-on-month in September, contrasting August’s 0.4% contraction and marking the first increase in four months and the strongest one since March.
September 23, 2019
Industrial production jumped 8.6% year-on-year in September, contrasting August’s 1.8% dip which had marked the strongest contraction in over three years.
September 10, 2019
Consumer prices fell 0.4% month-on-month in August, following a milder 0.3% drop in July, and marking the strongest contraction so far this year. A breakdown of the sub-components provided by Statistics Lithuania showed that 5 of the total 12 sub-components saw a fall in prices, led by considerably lower prices for housing and utilities, which more than offset higher prices for alcoholic beverages and tobacco.