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.