Lithuania Industrial production

Lithuania

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.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 3.3% in 2015, which is down 0.7 percentage points over last month’s estimate. For 2016, the panel expects industrial production to increase 3.8%.


Author: Teresa Kersting, Economist

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Lithuania Industry January 2015

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


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