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%.
Industrial production improves in July
August 22, 2012
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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.