Lithuania revises Q1 GDP growth to 4.4%
30.05.2012, 14:52Statisticians have revised upwards Lithuania's GDP growth rate in Q1 2012 to a working day-adjusted 4.4% from the first flash estimate of 4.3% a month ago.
Still, the rate was the slowest the national economy has seen since Q4 2010.
All key economic activities delivered positive results in Q1, but the growth rates (not adjusted for working days) vary quite widely – from +10.8% in construction (after the latest peak of +33% in Q4 2011) to +2.2% in finance (the slowest tempo since annual growth resumed in Q3 2010).
In between are the ITC sector with +6.5% (the fastest rate since the end of recession) and industry with +3.5% (recovering from a minor 0.1% decline in Q4 2011). Manufacturing also showed some acceleration, growing by 5% after 3.1% a quarter earlier.
Trade, transport and hotels posted a 4.9% rise – rather slow although the highest rates to date only reached 9%. Agriculture and forestry added 3.6%.
Lithuanian GDP change y/y:
Q1 2012: +4.4%
Q4 2011: +5.2%
Q3 2011: +6.7%
Q2 2011: +6.5%
Q1 2011: +5.6%
Q4 2010: +4.4%
Q3 2010: +1.3%
Q2 2010: +0.6%
Q1 2010: -0.7%
Q4 2009: -14.5%
Q3 2009: -14.3%
Q2 2009: -15.5%
Q1 2009: -14.8%