Lithuania Industrial production


Industrial production accelerates in July

In July, industrial production expanded 3.9% over the same month last year, which was up from the 1.3% increase recorded in June. The acceleration was driven by a jump in manufacturing output, and supported by growth in the electricity, gas and steam category. Meanwhile, the water supply sector as well as mining and quarrying tallied contractions.

On a sequential basis, industrial production increased 1.6% over the previous month in seasonally-adjusted terms, which contrasted the 2.7% decline registered in June. Annual average growth in industrial production increased slightly from minus 1.3% in June to minus 1.2% in July, which marked the highest level in three months.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 1.0% this year, which is down 1.0 percentage points over last month’s estimate. The panel expects industrial production to increase 3.8% in 2015.

Author:, Economist

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Lithuania Industrial production Chart

Lithuania Industry July 2014

Note: Year-on-year changes and annual average growth of industrial production index in %.
Source: Statistics Lithuania and FocusEconomics calculations.

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