Money in Lithuania
Lithuania - MoneyGrowth remained upbeat in final quarter of last year, according to a preliminary estimate. Although a breakdown by components is not yet available, domestic demand seemingly spearhead the overall outturn amid sturdier consumer demand and upbeat investment activity. Turning to Q1 2020, momentum likely weakened: Industrial output fell at the sharpest rate in over five years in January, chiefly on contracting manufacturing production. That said, improvements in business and consumer confidence point to still-strong domestic demand at the outset of the year. In other news, on 21 February, S&P Global Ratings upgraded Lithuania's credit rating to A+ from A, and kept a stable outlook. The decision, which followed a similar move by Fitch Ratings on 31 January, was supported by solid economic growth and strong fiscal discipline which helped to cut public debt levels.
Lithuania - Money Data
|Money (annual variation in %)||1.5||33.1||7.3||5.9||11.4|
5 years of economic forecasts for more than 30 economic indicators.
Lithuania Money Chart
Source: Lithuania Central Bank and FocusEconomics calculations.
|Bond Yield||0.43||0.0 %||Dec 30|
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March 20, 2020
Industrial production rose 2.4% year-on-year in February, rebounding from January’s revised 4.1% contraction (previously reported: -3.2% year-on-year).
March 10, 2020
Consumer prices ticked down 0.1% on a month-on-month basis in February, contrasting January’s 0.4% increase and marking the first contraction in six months.
March 2, 2020
GDP increased 3.8% in year-on-year terms in Q4 2019, according to detailed national accounts data released by Lithuania’s Statistical Institute on 2 March.
February 24, 2020
Industrial production dived 3.2% year-on-year in January, contrasting December’s 0.6% uptick and marking the sharpest contraction since August 2014.
February 14, 2020
Consumer prices rose 0.4% month-on-month basis in January, accelerating marginally from December’s 0.3% increase.