In September, industrial production expanded 4.2% over the same month last year, which was below the 10.4% rise observed in August. The moderation was mainly driven by slower growth in mining and quarrying as well as a contraction in the electricity, gas and water sector. On a monthly basis, industrial production declined 1.7% over the previous month in seasonally adjusted terms (August: +4.6% month-on-month). As a result of the slower annual increase, the trend is pointing downwards, with annual average growth in industrial production falling from 2.4% in August to 1.9% in September, the lowest level seen in two years.
Industrial production slows in September
October 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 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.