Lithuania Industrial production


Lithuania: Industrial production growth surges in June

July 21, 2015

In June, industrial production expanded 11.2% over the same month last year, coming in significantly above May’s 1.3% expansion and marking the fastest expansion in over two years. June’s acceleration reflects a large jump in manufacturing output.

On a sequential basis, industrial production increased 0.8% over the previous month in seasonally-adjusted terms, coming in below the previous month’s 1.7%. Annual average growth in industrial production increased from 2.5% in May to 3.3% in June, the highest reading in a year-and-a-half.

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 June 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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