The Economic Evaluation Index, derived from business sector and consumer survey results, fell for the second consecutive month in August. Nevertheless, it only fell short of last year’s forecasts by a small percentage. Expectations were lowered in the second half of 2011 as a result of macroeconomic concerns, vz.lt reported on 31 August.
In August, the index, which is used to evaluate the present situation as well as to generate future forecasts, was down by two points to -4 – seven points lower than August 2011, according to statisticians. In July, following a six month break, a decline of two points was recording, leading to a total decrease of nine points over the year.
The Index fell by four points to three points in August 2011.
In August 2012, the industrial sector reported the biggest fall in expectations at seven points. The retail mood index was down by one point, while construction sector and consumer mood were both up by one point. Trust in the services sector, following two months of stability, was up by two points.
Over the course of the year, the most significant fall in the index was among retailers – 19 points. The industry index was down by 10 points, while the service and construction sectors saw a four point decrease. Consumer sentiment did not change.
Translated by Darius Mikulėnas
Edited by Charlotte Radford