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Lithuania's Economic Sentiment Improves In February

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Lithuania's economic sentiment improved for a second month in February, as all of its sub-indicators except service sector confidence indicator recorded increases, survey data released by Statistics Lithuania showed Friday.

The economic sentiment indicator rose to minus 21 in February from minus 23 in January. The indicator has been showing a mixed picture in recent months.

Among its sub-indicators, the consumer confidence index rose to minus 40 from minus 45, suggesting a decrease in households' pessimism.

Industrial confidence indicator moved to minus 16 from minus 19 and construction sentiment index rose to minus 65 from minus 69. Confidence indicator for the retail sector increased to minus 29 from minus 33. Meanwhile, service providers' pessimism heightened, with the indicator rising to minus 7 from minus 3.

(Market News Provided by RTTNews)

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