In July, industrial production increased 3.0% over the same month last year, which represents an acceleration compared to the revised 1.0% expansion recorded in June (previously reported: +0.9% year-on-year). The faster expansion in July mainly reflects higher growth in manufacturing output as well as a substantial increase in mining and quarrying. On a sequential basis, industrial production jumped 3.3% over the previous month in seasonally adjusted terms, well above June's 0.7% increase. Annual average growth in industrial production edged down from 8.0% in June to 7.8% in July. FocusEconomics Consensus Forecast panellists expect industrial production to expand 4.4% this year, which is down 0.1 percentage points over last month's estimate. The panel expects that industrial production will increase 6.4% in 2014.
Industrial production accelerates in July
August 21, 2013
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Lithuania Industry Chart
Note: Year-on-year changes and annual average growth of industrial production index in %.
Source: Statistics Lithuania and FocusEconomics calculations.
Lithuania Economic News
October 10, 2016
Consumer prices in Lithuania rose 0.6% in September from the previous month, which contrasted the 0.5% drop in August.
September 21, 2016
In August, Lithuania’s industrial production rose 1.6% over the same month last year.
September 8, 2016
Consumer prices fell 0.5% over the previous month in August, which was slightly above July’s 0.7% drop.
August 30, 2016
GDP rose 1.9% in annual terms in Q2, according to detailed data released by the National Statistics Office on 30 August.
August 22, 2016
In July, Lithuania’s industrial production decreased 3.8% over the same month last year.