|The Lithuanian economy advanced at a faster pace than was previously expected during the fourth quarter of 2012, which could come as good news for investors in the Baltics.
According to the country's official statistics office, both industrial output and manufacturing rates improved throughout the three-month period - leading the body to revise original estimates.
Reported by Reuters, the data highlighted a 4.1 per cent jump in output between October and December, compared with an earlier forecast of four per cent.
Lithuania's gross domestic product advanced by 0.7 per cent during the fourth quarter from an estimate of one per cent.
Overall, the Baltic nation's economy increased by 3.6 per cent in 2012.
News of the increases comes amid negotiations from Lithuania's Baltic neighbour Latvia as it progresses through talks that could see it join the single currency as soon as later this year if its bid is successful in Europe.
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