In November, economic sentiment indicator decreased

The economic sentiment indicator, i.e. confidence of economic actors – producers, consumers and investors – in Lithuania’s economy, decreased from minus 10.9 to minus 11.9 percent. The economic sentiment indicator is deteriorating for the sixth month (since June), reports Statistics Lithuania.

This was influenced by the ongoing war in Ukraine and increased energy prices: in November, 4.4 percent of respondents indicated that their enterprise’s activities were limited by the situation caused by the war, 3.8 percent – increase in energy prices. The service confidence indicator decreased from minus 4.6 to minus 8.8 percent, construction – from minus 16.5 to minus 20.4 percent, industry confidence indicator decreased from minus 13.2 to minus 15.4 percent, retail trade – from minus 5.4 to minus 5.7 percent. Consumer confidence indicator increased from minus 15.4 to minus 9.2 percent. This was influenced by the country’s economic situation in the next 12 months.