Unemployment in Lithuania
Lithuania - UnemploymentThe opposition Homeland Union party (the Conservatives) claimed the victory in the country’s general election after winning the first round on 11 October and solidifying their position in the second round on 25 October. The Conservatives are seen forming a center-right coalition with two liberal parties—the Freedom Party and the Liberal Movement—thus cementing a majority in the 141-seat parliament. The Conservatives’ solid economic credentials and the need for coalition-building with liberal parties bode well for business conditions and should ensure the continuity of economic and social policies. Meanwhile, the economic backdrop seemed to improve notably in Q3. Industrial output expanded in the quarter for the first time this year as companies ramped up capacity amid improving economic sentiment. Moreover, retail sales soared in July–August, hinting at recovering consumer demand in Q3.
Lithuania - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Lithuania Unemployment Chart
Source: Statistics Lithuania.
|Bond Yield||0.43||0.0 %||Dec 30|
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June 8, 2021
Consumer prices increased 0.57% in May, softening from April’s 0.99% rise.
June 1, 2021
According to a second estimate released on 1 June, GDP rose 1.2% year-on-year in the first quarter of 2021, contrasting the 1.2% drop tallied in Q4 2020.
May 24, 2021
Industrial output rocketed 25.9% in year-on-year terms in April, gaining further momentum following March’s 16.4% rise and marking the sharpest increase since April 2004.
May 10, 2021
Consumer prices rose 0.93% on a monthly basis in April, losing steam from the 0.99% increase in March which had marked the sharpest rise in over two years.
April 30, 2021
GDP rose 1.0% year-on-year in the first quarter of 2021, according to preliminary data.