Lithuania Industry October 2017


Lithuania: Growth in industrial production strengthens in October

November 23, 2017

Lithuania’s industrial production expanded 6.7% year-on-year in October, accelerating from September’s revised 5.2% expansion (previously reported: +4.8% year-on-year). October’s strong result came on the back of a robust expansion in the manufacturing sector and a jump by over a third in mining and quarrying sub-sector. On the other hand, the electricity, gas, steam and air conditioning sectors contracted slightly.

A month-on-month comparison showed that industrial production declined 1.0% in seasonally and calendar-adjusted terms (September: -0.2% month-on-month). The overall trend improved in October as annual average growth increased from 6.0% in September to 6.7%.

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

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Lithuania Industry Chart

Lithuania Industry October 2017

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

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