Lithuania Industry


Industrial production slows in September

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.


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Lithuania Industry Chart

Lithuania Industry September 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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