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%.