In October, industrial production expanded 14.4% over the same month last year, which was above the 4.2% rise observed in September. In fact, the reading represented the fastest pace of expansion observed since January 2011. The improvement was mainly driven by faster growth in manufacturing, mining and quarrying as well as a rebound in water supply. On a monthly basis, however, industrial production fell 0.4% over the previous month in seasonally adjusted terms (September: -1.7% month-on-month). As a result of the faster annual increase, the trend is now pointing upwards, with annual average growth in industrial production rising from 1.9% in September to 3.2% in October.
Industrial production rises most in 21 months
November 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 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.