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Lithuania Industry August 2020

Lithuania: Industrial output grows at fastest pace in 6-months in August

Industrial production rose 0.7% year-on-year in August, rebounding from July’s -1.1% contraction. August’s print marked the strongest expansion since February.

The upturn was largely broad-based and was spearheaded by a rebound in manufacturing output. In addition, activity in the mining and quarrying sector also recovered in August.

On a seasonally-adjusted monthly basis, factory output rose at a faster rate of 2.3% in August (July: +2.0% mom). Meanwhile, the trend improved modestly, with the annual average variation of industrial production coming in at minus 1.4%, up from July’s minus 1.6%.

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