Lithuania Industry


Industrial production rises most in 21 months

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.


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Lithuania Industry Chart

Lithuania Industry October 2012

Note: Year-on-year changes and annual average growth of industrial production index in %.
Source: Statistics Lithuania and FocusEconomics calculations.

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