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Financial News: Lithuania Q2 GDP Growth Improves

Lithuania Q2 GDP Growth Improves

07/30/2018 - 07:30:00 (RTTNews)

(RTTNews) - Lithuania's economic growth improved slightly in the three months ended June, after easing in the previous quarter, preliminary figures from the Department of Statistics showed Monday.

Gross domestic product advanced a seasonally and working-day-adjusted 3.7 percent year-over-year in the second quarter, just above the 3.6 percent rise in the first quarter.

During the fourth quarter of 2017, the rate of growth was 3.8 percent.

On a quarterly basis, the economy expanded at a stable pace of 0.9 percent in the June quarter.

In a separate report, the statistical office revealed the harmonized index of consumer prices rose at a slower pace of 2.2 percent yearly in July, following a 2.6 percent increase in June.

Monthly, the HICP dropped 0.5 percent from June, when it edged down by 0.1 percent.

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