Lithuania Industrial production

Lithuania

Lithuania: Industrial production decelerates from May's year-high in June

July 21, 2014

In June, industrial production increased 0.8% over the same month last year, which was down from the year-high 8.5% increase recorded in May. The deceleration was driven by a contraction in the water supply category, as well as limited growth in manufacturing and in mining and quarrying.

On a sequential basis, industrial production decreased 2.7% over the previous month in seasonally-adjusted terms, which contrasted the 1.6% expansion registered in May. Annual average growth in industrial production held steady at May’s minus 1.4% in June, which marked the lowest level in nearly four years.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 1.0% this year, which is down 1.0 percentage points over last month’s estimate. The panel expects industrial production to increase 3.8% in 2015.


Author:, Economist

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Lithuania Industrial production Chart


Lithuania Industry June 2014

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


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