Lithuania Industry


Industrial production slows in December

In December, industrial production expanded 3.7% over the same month the year before, which was below the 9.4% rise observed in November. The deceleration was mainly driven by a slowdown in manufacturing growth as well as a drop in mining and quarrying.

On a monthly basis, industrial production rose 0.2% over the previous period in seasonally adjusted terms (November: -0.7% month-on-month). Overall in 2012, industrial production growth averaged 4.5%, which was below the 7.8% increase registered in 2011.


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Lithuania Industry Chart

Lithuania Industry December 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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