In April, industrial production expanded 6.8% over the same month last year which was down markedly from the 14.1% rise recorded in March (previously reported: +13.6% year-on-year). That said, the moderation seen in recent months is partially due to the fading of the favourable base effect, which boosted industrial output growth at the beginning of the year. Manufacturing, which accounts for the bulk of industrial production, rose 8.6% over April the year before (March: +18.8% yoy), breaking eight consecutive months of double-digit growth. In contrast, all other sub-components recorded negative readings. Mining and quarrying remained virtually unchanged at minus 14.0% (March: -14.3% yoy), electricity and gas declined 5.9% (March: -8.9% yoy), while water supply fell 2.6% (March: +1.0% yoy). A month-on-month comparison corroborates the slowdown seen in the annual figures, as industrial production contracted a seasonally adjusted 1.1% over the previous month, contrasting the 4.6% expansion tallied in March. The trend continues to improve, with annual average growth in industrial production rising from 10.9% in March to 11.1% in April.
Industrial production slows amid waning base effect
May 20, 2011
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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.