Lithuania Industrial production

Lithuania

Lithuania: Industrial production rebounds in February

March 23, 2015

In February, industrial production expanded 5.6% over the same month of last year, which contrasted the 2.0% decrease recorded in January. The turnaround reflects a notable pick-up in manufacturing and that output of several sectors, including water supply, mining and quarrying as well as electricity, gas and steam, shrank at a softer pace than in January.

On a sequential basis, industrial production increased 6.2% over the previous month in seasonally-adjusted terms, contrasting the 2.3% fall recorded in January and recording the largest expansion since June 2012. Annual average growth in industrial production improved from 0.6% in January to 1.2% in February, the best reading in a year.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 2.3% in 2015, which is down 1.0 percentage points 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 February 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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