"Russia, Lithuania's second-biggest export market, is also sending an increasing number of worrying signs. A record-high production capacity utilization level and a very tight labor market are signaling that the Russian economy is approaching the limits of its production potential," Indrė Genytė-Pikčienė said in a comment.
Russia's unemployment level, which has dropped to 5.2 percent, is pointing to an acute labor shortage problem, the analyst said.
"It is obvious that Lithuanian exporters will have to learn to operate in an environment of slower export market growth. The main recipes of how to maintain momentum are to increase the diversification of export markets by discovering new growing markets and to pay increasing attention to improving one's operating efficiency," she said.