_Cropped_0_1713343618.jpg)
Slovak unemployment inched further down to 3.88% in March
16 hours ago
Lithuanian retail sales grew an unadjusted 7.5% y/y in August, according to data released by Statistics Lithuania on September 27.
The reading shows retail sales accelerating from an already solid expansion of 4% in July to record the fastest growth since February. Turnover has now remained on a solid expansion track since January 2015, with consumer consumption helping buoy economic growth in the face of reduced demand for exports.
Sales grew 6.4% on the year on a working-day adjusted basis in August, faster than the 6.2% growth the previous month. Month to month, sales gained an unadjusted 3.9%, while expanding 0.4% on adjusted terms.
As has been the case for months, retail turnover is being driven by an improving labour market and growing income. Consumption is a major plank in maintaining economic growth, as Lithuania pushes to find new export markets to replace weakened sales to Russia. This is yet to put the Lithuanian economic growth on a sustained growth path however. Economic expansion slowed to 1.9% y/y in the second quarter following a 2.4% gain in January-March.
August's annual growth in shop turnover was largely driven by the sale of motor fuels, which expanded 24.8% on unadjusted basis, while sales of food, alcoholic beverages and tobacco products contracted 1.4%. On the other hand, sales of textiles, clothing, and footwear advanced 10.1%.
Related Content
Data
_1713874341.png)
Slovak unemployment inched further down to 3.88% in March
There were 167,493 job applicants in March, which is at its lowest level since the end of 2019.
Poland’s industrial production disappoints in March as output declines 6% y/y
Poland’s industrial production fell 6% year on year in constant prices in March (chart), after a gain of 3.3% y/y the preceding month, unadjusted data from the statistical office GUS showed on April 22.
Ford drives hike in car production in Romania
Romania’s automobile production increased by 7% y/y to more than 150,000 units in Q1.
Akbank launches spring syndicated loan renewals season for Turkish banks at better costs
Benefits of Turkey’s so-called economic normalisation policy clearly observed in external debt rollovers.
Ukraine's birth rate plummets to 300-year low as country’s population collapses
Ukraine’s population collapsed to 29mn souls last year, according to Ukraine Business News, with just 187,000 births recorded (including in Russian-occupied territories). This is the lowest annual figure in recorded history over the last 300 years.
Most Read
-
EU finally boosts defence investment into arms production as Ukraine runs out of ammo
1 month ago
-
Europe unlikely to tackle Russian LNG imports anytime soon
1 day ago
-
Unstable dams mean Chernobyl-scale nuclear disaster threatens Central Asia’s Fergana valley
1 day ago
-
Will the Baku-Supsa pipeline become Azerbaijan's second oil export artery?
5 days ago
-
Poland’s Orlen paid $400mn to scammers for oil that never arrived
12 days ago
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
7 days ago
-
Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
7 days ago
-
EU finally boosts defence investment into arms production as Ukraine runs out of ammo
1 month ago
-
Russia’s war economy boosted by rising oil prices
8 days ago
-
Poland’s Orlen paid $400mn to scammers for oil that never arrived
12 days ago
-
Russia could pay off its entire external debt tomorrow, in cash
25 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
29 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
BRICS announce a blockchain-based payment system to create a common currency
27 days ago
-
UBN: Russia could take the Baltic states in 48 hours
1 month ago