In April, industrial production expanded 6.8% over the same month last year. The figure followed a 5.9% rise in March (previously reported: +5.8% year-on-year) and marked, in fact, the fastest pace recorded since September 2011. The improvement was mainly due to remarkable gains in manufacturing as well as in mining and quarrying. A month-on-month comparison does not fully corroborate the acceleration suggested by the annual figures, as industrial production added only 0.8% over the previous month in seasonally adjusted terms (March: +3.0% month-on-month). Despite the improvement seen in recent months, the trend continues to point downwards, with the annual average growth in industrial production inching down from 5.0% in March to 4.9% in April.
Industrial production strengthens in April
May 23, 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 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.
August 22, 2016
In July, Lithuania’s industrial production decreased 3.8% over the same month last year.