In August, industrial production expanded 10.9% over the same month last year. The figure represented an improvement over the 6.2% rise observed in July and marked, in fact, the largest increase observed since May 2011. The reading was mainly driven by faster growth in mining and quarrying activity as well as an improvement in the manufacturing sector. A month-on-month comparison corroborates the positive annual reading, as industrial production added 4.6% over the previous month in seasonally adjusted terms (July: +4.4% month-on-month). As a result, the trend improved, with annual average growth in industrial production rising from 2.0% in July to 2.4% in August.
Industrial production accelerates to 15-month high in August
September 21, 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.