Exchange Rate in Lithuania
Lithuania - Exchange RateGrowth plummeted in Q1 2020, as strict measures put in place to contain Covid-19 weighed on activity. Industrial output contracted for the first time in six years, amid sliding manufacturing production, while retail and wholesale trade, construction, transportation and services sectors were also hard hit in Q1. Turning to Q2, the economic panorama seems to be darkening. Both business and consumer confidence nosedived in April, signaling a severe contraction in private sector activity. Furthermore, exports likely suffered in April, as the pandemic devastated foreign demand and compromised regional trade links. More positively, however, after allowing most non-essential business and shops to reopen on 16 April, the government confirmed further easing of restrictions from 29 April. In line with its quarantine-easing plan, healthcare providers, cultural establishments and outside restaurants have been allowed to open, with international borders set to reopen on 4 May.
Lithuania - Exchange Rate vs EUR Data
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5 years of economic forecasts for more than 30 economic indicators.
Lithuania Exchange Rate vs EUR Chart
Source: Thomson Reuters
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June 1, 2020
Annual growth slumped to 2.4% in the first quarter, according to detailed national accounts data released by Statistics Lithuania on 1 June.
May 22, 2020
Industrial production dived 10.9% year-on-year in April, worsening from the previous month’s 1.1% drop and marking the sharpest contraction since March 2014. The downturn chiefly reflected sliding output in the all-important manufacturing sector.
April 30, 2020
GDP rose 2.6% in year-on-year terms in Q1 2020, according to preliminary national accounts data released by Lithuania’s Statistical Institute on 30 April.
April 23, 2020
Industrial production fell 1.5% year-on-year in March, contrasting a revised 3.4% expansion in February (previously reported: +2.4% year-on-year).
April 9, 2020
Consumer prices ticked down 0.1% on a month-on-month basis in March, matching February’s reading and marking the second consecutive month of contraction.