Lithuania GDP Growth Rate YoY
In January 2015, Lithuania became a member of the Eurozone. Due to the 2008 global financial crisis, the country suffered a 14.8% decline in the GDP in 2009. Nevertheless, since 2010, Lithuania has been regarded as one of the EU's fastest-growing economies. Domestic consumption, which accounts for 63% of total GDP use, is the most important component of GDP, followed by gross fixed capital formation (19%) and government expenditure (17%). Exports of goods and services make for 81% of total GDP, while imports account for 79%, resulting in a net contribution of 2% to total GDP. Among the most important sectors in terms of output are the wholesale and retail trade, transport, accommodation, and food service activities sector, which accounts for around 32% of total GDP. It is accompanied by industry (which accounts for 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%), and agriculture (4%), financial and insurance (2%), 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 |
|
|
1.1098 -486 pips |
1.1598 -14 pips |
1.15840 | |
| EURAUD |
|
|
1.7193 -721 pips |
1.7983 -69 pips |
1.79145 | |
| EURJPY |
|
|
164.0182 -755 pips |
170.8078 +76 pips |
171.564 | |
| EURCAD |
|
|
1.5583 -458 pips |
1.6093 -52 pips |
1.60413 | |
| EURCHF |
|
|
0.9359 +12 pips |
0.9451 -104 pips |
0.93469 | |
| EURCZK |
|
|
24.5764 +433 pips |
0 +245331 pips |
24.53312 | |
| EURGBP |
|
|
0.8537 -87 pips |
0.8647 -23 pips |
0.86238 | |
| EURHUF |
|
|
395.9733 -65 pips |
405.0881 -847 pips |
396.62 | |
| EURNOK |
|
|
11.1154 -6795 pips |
11.8046 -97 pips |
11.7949 | |
| EURNZD |
|
|
1.9219 -676 pips |
1.9854 +41 pips |
1.98949 |
News (EUR)
German GfK Consumer Confidence To Fall Further
German consumer confidence is set to continue to fall in September as rising fear of job losses weighed on purchase decisions and damped hopes of robust economic recovery, a closely watched survey showed on Wednesday. The forward-looking consumer sentiment index fell to -23.6 in September from -21.7 in the previous month. The reading was forecast to drop moderately to -22.
RTTNews | 3h 53min ago
French Consumer Sentiment Weakest Since 2023
France's consumer confidence weakened to the lowest level since October 2023 largely due to the weaker outlook for standard of living and the fall in saving intentions. The consumer sentiment index edged down to 87 in August from 88 in July. This was the lowest reading since October 2023 and remained below its long-term average of 100.
RTTNews | 1 day ago
German Ifo Business Confidence Strongest Since 2024
German business sentiment hit the highest level in more than two years in August on expectations that the fiscal stimulus would help to kickstart the economic recovery. The business climate index rose to 89.0 in August from 88.6 in the previous month. This was the highest score since April 2024 and also came in above economists' forecast of 88.6. The German economy's recovery remains weak.
RTTNews | 1 day ago
