Lithuania Consumer Confidence Declines Sharply In October

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Thursday, Statistics Lithuania said the consumer confidence index declined to minus 47 in October from minus 40 in the previous month, reverting back to August's level. A year earlier, the index stood at minus 35.

In October, the index measuring household financial situation over the next 12 months plunged to minus 30 from minus 21, while the index measuring the country's economic situation over the next one year fell drastically to minus 39 from minus 28. Also, the index on probability of any savings in the next 12 months moved to minus 52 from minus 48.

On the other hand, the gauge measuring the number of unemployed in the next one year increased to 69 from 63 in October.

Thursday, Statistics Lithuania said the consumer confidence index declined to minus 47 in October from minus 40 in the previous month, reverting back to August's level. A year earlier, the index stood at minus 35. (Market News Provided by RTTNews)