Lithuania Q4 GDP growth revised lower

Automotive

Lithuaniaʼs economy grew 1% on quarter in the three months to December 2019, less than an earlier estimate of a 1.3% growth and compared to an upwardly revised 0.8% rise in the previous period, Statistics Lithuania (LS) said on Monday. 

Positive contributions came mostly from wholesale and retail trade; repair of motor vehicles and motorcycles, transport and storage, accommodation and food services, agriculture, construction, manufacturing and information and communication, the Vilnius-based agency said.

Year-on-year, the gross domestic product advanced 3.8%, unchanged from a first reading, and at the same pace as in the third quarter, LS added.

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