Lithuania Industrial production

Lithuania

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.

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%, which is unchanged from last month’s estimate.


Author:, Senior Economist

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Lithuania Industry September 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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