Lithuania Industrial production

Lithuania

Lithuania: Industrial production growth accelerates in August

September 21, 2015

In August, industrial production expanded 6.2% over the same month last year, coming in above July’s 5.3% expansion. August’s acceleration mainly reflects an increase in manufacturing output.

On a sequential basis, industrial production dropped 3.5% over the previous month in seasonally-adjusted terms, contrasting the 0.5% increase seen in July and marking the most rapid decrease in five months. Annual average growth in industrial production rose from 3.7% in July to 4.7% in August, thus reaching the highest level in nearly two years.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 1.9% in 2015, which is down 0.4 percentage points over last month’s estimate. For 2016, the panel expects industrial production to increase 3.6%.


Author:, Senior Economist

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Lithuania Industrial production Chart


Lithuania Industry August 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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