Lithuania Industrial production


Industrial production rebounds in September

In September, industrial production expanded 1.5% over the same month last year, which contrasted the 5.3% decrease recorded in August (previously reported: -5.7% year-on-year). The turnaround was driven by a rebound in the mining and quarrying industry as well in manufacturing output. In addition, the electricity, gas, and steam sector contracted at a slower pace in September.

On a sequential basis, industrial production increased 1.7% over the previous month in seasonally-adjusted terms, which contrasted the 3.5% decrease registered in August. Annual average growth in industrial production held at August’s minus 1.4% in September, which marked the lowest level since July 2010.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 1.8%, which is unchanged over last month’s estimate. The panel expects industrial production to increase 4.7% in 2015, which is also unchanged from last month’s forecast.

Author:, Economist

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Lithuania Industrial production Chart

Lithuania Industry September 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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