Lithuania: Industrial production growth decelerates markedly in September
October 21, 2015
In September, industrial production expanded a weak 0.2% over the same month last year, coming in well below August’s 6.1% expansion. September’s increase mainly reflected a moderate rise in manufacturing. Conversely, mining and quarrying and electricity, gas, steam and air conditioning supply contracted over the same month of last year.
Industrial production dropped 2.3% over the previous month in seasonally-adjusted terms, following the 3.5% decrease seen in August. Annual average growth in industrial production fell from 4.7% in August to 4.5% in September. August’s figure had marked the highest level in nearly two years.
Author: Dirina Mançellari, Senior Economist