Lithuania: Industrial output records lowest growth since November 2020 in June
Industrial production grew 0.7% year on year in June (May: +7.5% yoy). June’s outturn marked the worst reading since November 2020. June’s figure was largely due to a deterioration in manufacturing output, as it expanded at the slowest pace since June 2020. In addition, mining and quarrying output contracted heavily.
On a seasonally-adjusted monthly basis, industrial output fell at a more moderate rate of 1.8% in June (May: -7.4% mom). Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 18.5% in June, down from May’s 20.3%.