Lithuanian business sentiment improved in March as the confidence indicator rose to -1 from -5 in February, according to the Lithuanian Statistics Department‘s business trends and expectations survey data for March.
© DELFI / Mindaugas Ažušilis

Data from March shows that confidence rose in all business areas – the industrial, construction, retail trade and services sector. The study carried out interviews with business leaders and assessed their views on changes in the business environment in Lithuania and future expectations.

Industrial sector leaders say good prospects for orders for the coming months, while the construction sector companies, even if generally evaluating business environment better than last month, continue to show concern about the volume of future orders.

There is an obvious seasonality in changes in sentiment observed in all the surveyed sectors and it can conceal long term trends. Confidence in industry and construction are at a lower level compared to the same time last year.

Meanwhile, the service and retail sectors, which are essentially a reflection of domestic demand, show a consistent increase.

Two Lithuanians and Norwegian returned to Lithuania in spy swap with Russia

Two Lithuanians and a Norwegian were returned to Lithuania on Friday as part of a spy swap with...

Aviation bomb found and defused in Vilnius

An aviation bomb was found and later neutralized in the Zverynas area of Vilnius on Thursday night.

President pardons 2 Russian spies opening the way for swap with Moscow

President Gitanas Nauseda has granted pardons to two Russian citizens jailed in Lithuania for...

Skusevicius appointed ambassador to Canada

Lithuanian President Gitanas Nauseda on Thursday appointed Deputy Foreign Minister Darius Skusevicius...

MPs reject President Nauseda's second veto

The Lithuanian parliament overrode on Thursday a presidential veto on its decision to add two road...