In May, industrial production expanded 12.8% over the same month last year which was up markedly from the 7.6% rise recorded in April (previously reported: +6.8% year-on-year). That said, the sharp increase seen in May came in despite the fading of a favourable base effect. Manufacturing, which accounts for the bulk of industrial production, jumped 15.1% over May the year before, returning to double-digit growth after the relatively subdued 9.1% increase recorded in April. In addition, mining and quarrying surged a stellar 45.9% over the same month last year, which contrasted the 15.4% drop tallied in the previous month. Meanwhile, water supply rose a mild 1.9% (April: -1.2% yoy), while electricity and gas continued to decline (May: -14.1% yoy; April: -3.2% yoy). A month-on-month comparison corroborates the acceleration seen in the annual figures, as industrial production expanded a seasonally adjusted 5.1% over the previous month, contrasting the 1.1% contraction tallied in April. As a result, the trend continued to improve, with annual average growth in industrial production rising from 11.1% in April to 11.9% in May.
Industrial production surges in May after slowing in the previous month
June 21, 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.