In March, industrial production expanded 5.8% over the same month last year. The figure followed a 3.9% rise in February and marked, in fact, the fastest pace recorded in six months. The improvement was mainly due to a solid gain in manufacturing and a healthy rebound in the mining and quarrying sector. A month-on-month comparison corroborates the acceleration suggested by the annual figures, as industrial production increased 3.0% over the previous month in seasonally adjusted terms (February: -3.1% month-on-month). Despite the improvement seen in recent months, the trend continues to point downwards, with annual average growth in industrial production slowing from 5.6% in February to 5.0% in March.
Industrial production continues to gain momentum at the outset of the year
April 23, 2012
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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.