Lithuania: Industrial production decelerates in January
February 23, 2015
In January, industrial production expanded 1.2% over the same month of last year, which was below the 3.8% increase recorded in December and marked the lowest print in five months. The moderation reflects that large contractions in several sectors, including mining and quarrying as well as electricity, gas and steam, more than offset a mild pick-up in manufacturing.
On a sequential basis, industrial production decreased 2.2% over the previous month in seasonally-adjusted terms, coming in above the 2.8% fall recorded in December. Annual average growth in industrial production improved from 0.1% in December to 0.8% in January.