Lithuania: Economic sentiment falls below threshold in June
Economic sentiment fell to 99.8 in June from May’s 100.1. As a result, the index dipped below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected worse sentiment in the industrial and retail sectors as well as cooling consumer confidence. That said, June marked stronger sentiment in the construction sector and healthier confidence in the services sector.
Regarding indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index improved in June.