Lithuania Revises GDP Growth Higher as Consumption Recovers

Lithuania’s economy expanded at a faster rate in the second quarter than previously estimated, driven by recovering consumption and the construction industry.

Gross domestic product grew 6.3 percent from the same three months of 2010, compared with a preliminary estimate of 6.1 percent released on July 28, the Vilnius-based statistics office said in an e-mailed statement today. Output rose a seasonally adjusted 0.4 percent from the previous quarter.