Lithuania Industry


Industrial production improves in July

In July, industrial production expanded 6.2% over the same month last year. The figure represents an improvement over the 0.5% rise observed in June (previously reported: -0.4% year-on-year) and marks a second consecutive month of expansion following the contraction in May. The reading was driven by a strong growth in manufacturing. A month-on-month comparison corroborates the positive annual reading, as industrial production added 4.4% over the previous month in seasonally adjusted terms (June: +18.5% month-on-month). As a result, the trend stabilized, with annual average growth in industrial production remaining unchanged at June's 2.0%.

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Lithuania Industry Chart

Lithuania Industry July 2012

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

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