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.
Author: Carl Kelly, Economist