In November, industrial production expanded 17.1% over the same month last year, which was slightly down from the 17.3% expansion recorded in October (previously reported: +16.9% year-on-year). The increase marked the ninth consecutive month of rising industrial production after 16 months of contraction. Manufacturing, which accounts for the bulk of industrial production, rose 22.4% over November the year before, maintaining the strong growth recorded in October (+21.4% yoy). In addition, water supply rose 1.0%, doubling the 0.5% rise recorded in the previous month. That said, mining and quarrying decelerated from a 29.7% expansion in October to rise just 4.0% in November, while electricity, gas, steam and air conditioning supply fell 10.7%, after contracting 9.1% in October. A month-on-month comparison does not corroborate the positive annual reading, as industrial production contracted a seasonally adjusted 0.60% over the previous month, contrasting the 8.50% rise recorded in October. The trend continues to improve, with annual average growth in industrial production rising from 2.4% in October to 4.6% in November, marking the third consecutive month of growth after eighteen months of contraction.
Industrial production remains buoyant in November
December 22, 2010
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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.