Retail Sales in Lithuania

Lithuania Retail Sales | Economic News & Forecasts

Lithuania - Retail Sales

Growth 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 - Retail Sales Data

2014   2015   2016   2017   2018  
Retail Sales (annual variation in %)5.5  5.3  6.9  4.5  6.5  

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Lithuania Retail Sales Chart


Lithuania Retail
Note: Annual variation of retail sales in %.
Source: Statistics Lithuania and FocusEconomics calculations.

Lithuania Facts

Value Change Date
Bond Yield0.430.0 %Dec 30

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