Lithuania Industrial production

Lithuania

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.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 2.3% in 2015, which is unchanged over last month’s estimate. For 2016, the panel expects industrial production to increase 3.5%.


Author: Teresa Kersting, Economist

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Lithuania Industrial production Chart


Lithuania Industry April 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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