Lithuania: Industrial output growth slows in April
May 21, 2013
In April, industrial production expanded 6.1% over the same month last year, which was below the 9.8% increase observed in March. The deceleration was mainly driven by weaker growth in manufacturing as well as in electricity, gas and steam.
On a monthly basis, however, industrial production fell 3.3% over the previous period in seasonally adjusted terms, which contrasted the 2.0% increase tallied in March. As a result of the slower annual increase, the trend points downwards, with annual average growth in industrial production edging down from 4.6% in March to 4.4% in April.
FocusEconomics Consensus Forecast panellists expect industrial production to expand 4.5% this year, which is unchanged over last month's estimate. For 2014, the panel anticipates industrial production to increase 6.4%.