Lithuania Industrial production

Lithuania

Lithuania: Industrial production decelerates in October

November 21, 2014

In October, industrial production expanded a modest 0.3% over the same month last year, which was only a fraction of the revised 2.3% increase recorded in September (previously reported: +1.5% year-on-year). The result reflects that solid growth in mining and quarrying was dragged down by a steep drop in the electricity, gas and steam sector.

On a sequential basis, industrial production increased 4.9% over the previous month in seasonally-adjusted terms, which was a jump up from the 1.8% decrease registered in September and marked the strongest growth in six months. Annual average growth in industrial production decreased from minus 1.3% in September to minus 1.4% in October.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 1.8%, which is unchanged over last month’s estimate. The panel expects industrial production to increase 4.7% in 2015, which is also unchanged from last month’s forecast.


Author:, Economist

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Lithuania Industry October 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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