Lithuania Q1 GDP growth revised up
Lithuanian gross domestic product (GDP) advanced 2% on quarter in the three months to March, higher than an earlier estimate of 1.8% expansion, the Vilnius-based Statistics Lithuania (LS) said in a statement. Increases were reported in real estate activities (2.7%), information and communication (2.2%), manufacturing (3.3%), wholesale and retail trade, transport, accommodation and food service activities (4.6%) and professional, scientific and technical activities, administrative and support service activities (7%).
On the other hand, output shrank mainly for construction (-1.9%) and arts, entertainment and recreation activities, repair of household goods and other services (-3.2%).
On a yearly basis, the GDP expanded by 1.2%, faster than an earlier estimate of 1.1% growth, recovering from an upwardly revised 1.2% decline in the fourth quarter 2020.
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