Lithuania Industry


Industrial production contracts again in December

In December, industrial production fell 3.1% over the same month of the previous year and followed the 3.4% contraction recorded in November. Expansions in three of the four main sectors of industrial activity were more than offset by a massive contraction in the electricity, gas and steam sector.

On a sequential basis, industrial production fell 0.8% over the previous month in seasonally-adjusted terms, up from the 3.5% decrease registered in November. Annual average growth in industrial production fell from 4.5% in November to 3.8% in December.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 7.1% this year, which is down 0.7 percentage points over last month's estimate. The panel expects industrial production to increase 7.8% in 2015.

Author:, Economist

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Lithuania Industry Chart

Lithuania Industry December 2013

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

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