In October, industrial production expanded 16.9% over the same month last year, which more than doubled the 8.2% expansion recorded in September. Moreover, the reading marked the eighth consecutive month of rising industrial production after sixteen months of contraction. Growth in all but one of the main sub-sectors improved compared to the previous month. Manufacturing, which accounts for the bulk of industrial production, soared 20.9% over October last year, which almost doubled the 10.6% annual increase recorded in September. Mining and quarrying jumped from a 10.9% expansion in September to a 31.4% increase in October. Electricity, gas, steam and air conditioning supply fell 8.9%, up from the 13.3% contraction in September. Finally, water supply dropped 0.6%, contrasting the 0.7% rise recorded in the previous month. A month-on-month comparison corroborates the improvement suggested by the annual figures, as industrial production jumped a seasonally-adjusted 8.10% over the previous month, contrasting the 0.90% contraction recorded in September. As a result of the positive monthly reading, annual average industrial production rose from 0.1% in September to 2.4% in October, marking the second consecutive positive result after eighteen months of contraction.
Industrial production improves strongly in October
November 22, 2010
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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.