Lithuania GDP Growth Rate QoQ
Lithuania was admitted as the 19th member of the Euro Area in 2015. The service industry accounts for the biggest share of Lithuania's GDP, with information and communication technologies representing the fastest expanding sector. Lithuania has also transitioned in recent years towards a knowledge-based economy, with a number of enterprises producing complex biotech items such as pharmaceutical ingredients, components for molecular diagnostics, and laser equipment. When it comes to expenditures, household consumption is the most important component of GDP, accounting for 63% of total use. This is followed by gross fixed capital formation (19%) and government expenditure (17%). 81% of total GDP is accounted for exports of goods and services, while imports account for 79%, resulting in 2% of total GDP. On a production level, the wholesale and retail commerce, transport, accommodation, and food service activities sectors are the largest, accounting for roughly 32% of total GDP. Industry (23% of total GDP), manufacturing (19%), public administration, defense, education, human health, and social work activities (14%), construction (7%), real estate activities (6%), professional, scientific, technical activities, administrative and support services (6%), information and communication (3%), agriculture (4%) financial and insurance (2%) and arts, entertainment and recreation, repair of household goods and other services (2%).
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.
Forex Sentiment (EUR)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURUSD |
|
|
1.0526 +12 pips |
1.0820 -306 pips |
1.05135 | |
| EURAUD |
|
|
1.6225 -113 pips |
1.6415 -77 pips |
1.63382 | |
| EURJPY |
|
|
153.2924 -492 pips |
161.8250 -361 pips |
158.211 | |
| EURCAD |
|
|
1.4682 -104 pips |
1.4900 -114 pips |
1.47861 | |
| EURCHF |
|
|
0.9336 +39 pips |
0.9510 -213 pips |
0.92970 | |
| EURCZK |
|
|
25.2779 +1158 pips |
0 +251621 pips |
25.16209 | |
| EURGBP |
|
|
0.8311 +28 pips |
0.8392 -109 pips |
0.82831 | |
| EURHUF |
|
|
400.7233 -1258 pips |
414.9860 -168 pips |
413.31 | |
| EURNOK |
|
|
11.4079 -2081 pips |
11.7009 -849 pips |
11.6160 | |
| EURNZD |
|
|
1.7847 -99 pips |
1.8066 -120 pips |
1.79464 |
News (EUR)
ECB's Lagarde Says Eurozone Outlook Uncertain Amid Downside Risks
Euro area medium term economic outlook is uncertain, and growth is set to remain weak in the short term while inflation is expected temporarily rise, European Central Bank President Christine Lagarde said Wednesday.
RTTNews | 6h 9min ago
Eurozone Private Sector Re-Enters Contraction Zone
The euro area private sector fell back into the contraction territory in the penultimate month of the year as business activity dropped the most since January amid a renewed fall in services output, final data from S&P Global showed on Wednesday. The HCOB final composite output index fell to 48.3 in November from 50.0 in October. The flash reading was 48.1.
RTTNews | 11h 2min ago
Eurozone Manufacturing Activity Contracts In November
The Eurozone manufacturing sector contracted further in November on stronger declines in factory orders, production, purchasing activity and inventories, survey results from S&P Global showed on Monday. The HCOB factory Purchasing Managers' Index fell to 45.2 in November from 46.0 in October. The pace of decline was stronger than seen on average over the current period of decline.
RTTNews | 2 days ago
