Lithuania Industry September 2017

Lithuania

Lithuania: Growth in industrial production moderates in September

October 23, 2017

Lithuania’s industrial production expanded 4.8% year-on-year in September, decelerating from August’s revised 12.6% expansion (previously reported: +12.5% year-on-year). September’s strong result came on the back of a broad-based expansion in all three industrial sectors, with the manufacturing and electricity, gas, steam and air conditioning sectors expanding healthily and the mining and quarrying sector growing nearly 20%.

A month-on-month comparison showed that industrial production declined 0.3% in seasonally and calendar-adjusted terms (August: +3.2% month-on-month). The overall trend consequently weakened in September as annual average growth decreased from 6.3% in August to 6.0%.

Analysts surveyed by FocusEconomics expect industrial production to expand 4.4% in 2018, which unchanged from last month’s projection. For 2019, the panel expects industrial output growth of 4.2%.


Author: Massimo Bassetti, Economist

Sample Report

Looking for forecasts related to Industry in Lithuania? Download a sample report now.

Download

Lithuania Industry Chart


Lithuania Industry September 2017

Note: Year-on-year changes and annual average growth of industrial production index in %.
Source: Statistics Lithuania and FocusEconomics calculations.


Lithuania Economic News

More news

Search form