RTTNews - Lithuania's Gross Domestic Product or GDP contracted a by a revised 13.6% year-on-year in the first quarter, after registering a 2.2% decline in the fourth quarter, the latest report from the Statistics Lithuania said. In the preliminary estimate on April 28, the GDP was reported to have fallen 12.6% annually in the first quarter.

Sequentially, the GDP was down 22.1% in the first quarter, revised from a 9.6% fall estimated earlier. The fourth quarter's decline was also revised to 6.8% from 6.6% reported earlier.

After adjusting for seasonal and working day effects, the GDP slipped 11.8% annually in the first quarter compared to a 1.3% fall in the preceding quarter. Compared to the previous quarter, the GDP slipped 10.5% in the first quarter, after a 1.4% decline in the preceding quarter.

In a separate report, the statistical office said the number of job vacancies stood at 7,500 in the first quarter, down from 12,900 in the fourth quarter and 26,100 in the first quarter of last year. The job vacancy rate decreased to 0.6% in the first quarter from 1% in the fourth quarter and 1.9% in the first quarter of the previous year.

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