Lithuania's economy grew at a slower pace in the second quarter, preliminary estimates from the Department of Statistics showed Wednesday.
Gross domestic product, or GDP, rose by a seasonally and working day adjusted 3 percent year-on-year in the second quarter, the slowest pace since the third quarter of 2013. In the previous quarter, GDP had risen at a faster rate of 3.1 percent.
Sequentially, the seasonally adjusted GDP grew 0.7 percent in the second quarter, the same rate as in the first quarter.
The recovery in the construction, manufacturing and transport and storage sectors contributed positively to the overall GDP growth. Improvement in wholesale and retail trade also contributed to the overall growth.
On an unadjusted basis, GDP climbed 3.1 percent year-on-year and recovered by 8.1 percent quarter-over-quarter in the second quarter.
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