In February, industrial production fell 2.3% over the same month last year. February's fall, which followed the 7.0% contraction recorded in January, was driven by a steep decline in the electricity, gas and steam sector as well as a drop in manufacturing. On a sequential basis, industrial production increased 2.5% over the previous month in seasonally-adjusted terms, which contrasted the 2.8% decrease registered in January. Annual average growth in industrial production fell from 2.5% in January to 2.2% in February. 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.
Industrial production contracts for fourth consecutive month
March 21, 2014
Author: Carl Kelly, Economist
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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 21, 2016
In September, Lithuania’s industrial production rose a noteworthy 8.0% from the same month last year, the highest reading in eight months.
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.