Lithuania: Industrial production rebounds in September
September 22, 2014
In September, industrial production expanded 1.5% over the same month last year, which contrasted the 5.3% decrease recorded in August (previously reported: -5.7% year-on-year). The turnaround was driven by a rebound in the mining and quarrying industry as well in manufacturing output. In addition, the electricity, gas, and steam sector contracted at a slower pace in September.
On a sequential basis, industrial production increased 1.7% over the previous month in seasonally-adjusted terms, which contrasted the 3.5% decrease registered in August. Annual average growth in industrial production held at August’s minus 1.4% in September, which marked the lowest level since July 2010.
Author: Carl Kelly, Economist