In February, industrial production expanded 13.6% over the same month last year, which was down from the 16.8% rise recorded in January (previously estimated +17.2% year-on-year). February's increase completes a full year of growth after 16 consecutive months of contraction. Manufacturing, which accounts for the bulk of industrial production, rose 18.0% over February the year before, down from the 29.5% expansion recorded in January. In contrast, mining and quarrying accelerated from January's 8.1% expansion to 31.4%, while water supply returned to positive territory (February: +2.3% yoy, January: -1.6% yoy). Electricity, gas, steam and air conditioning supply improved from a 26.2% contraction in January to a less severe 5.9% decline. A month-on-month comparison, however, does not corroborate the positive annual reading, as industrial production contracted a seasonally adjusted 0.3% over the previous month, contrasting the 1.1% rise recorded in January. The trend continues to improve, with annual average growth in industrial production rising from 8.7% in January to 9.9% in February. Nonetheless, at the current level, the industrial production index is still well below its pre-crisis peak recorded in April 2008.
Industrial production slows in February
March 22, 2011
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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.