Lithuania Industrial production

Lithuania

Lithuania: Industrial production growth slows in July

August 21, 2015

In July, industrial production expanded 4.6% over the same month last year, coming in significantly below June’s 11.2% expansion. July’s deceleration reflects mainly a decrease in manufacturing output.

On a sequential basis, industrial production dropped 0.2% over the previous month in seasonally-adjusted terms, contrasting the 0.7% increase seen in June. Annual average growth in industrial production was stable at June’s 3.3%, thus remaining at the highest level since December 2013.

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 July 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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