Lithuania: Industrial production growth slows in April
May 21, 2015
In April, industrial production expanded 1.6% over the same month last year, coming in markedly below March’s 9.8% expansion, which had represented the fastest expansion since May 2013. April’s slowdown reflects a notable deceleration in manufacturing growth, which dropped to an eight-month-low. In addition, mining and quarrying as well as water supply recorded steeper contraction in April than in March. Conversely, the electricity, gas and steam sector picked up notably in April, recording the largest expansion since January 2010.
On a sequential basis, industrial production increased 3.4% over the previous month in seasonally-adjusted terms, contrasting the 3.4% contraction recorded in March. Annual average growth in industrial production remained at March’s 3.1%, which had marked the best reading in over a year.