Lithuania’s GDP Grew 1.7% in the Second Quarter
Translated from Lithuanian and summarized by DistantNews. Read the original for the full story.
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- Lithuania’s GDP reached 22.8 billion euros in the second quarter, up 1.7% from the first quarter.
- GDP increased 3.8% year on year after adjusting for price changes, with manufacturing, construction, trade and transport driving growth.
- Household consumption, fixed-asset investment, exports and imports rose, while government consumption declined.
Lithuania’s economy expanded in the second quarter, with gross domestic product rising 1.7% from the previous quarter to 22.8 billion euros.
GDP grew 3.8% year on year when measured without the effect of price changes. Manufacturing, construction, trade and transport provided the strongest contributions to the increase.
Household consumption spending rose 1.8%, while investment in fixed assets increased 8.4%. Exports of goods and services grew 2.4%, and imports rose 1.5%. Government consumption spending, however, fell 0.4%.
About this summary
Originally published by Delfi in Lithuanian. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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