Lithuania Industry January 2017

Lithuania

Lithuania: Industrial production accelerates further in January

February 22, 2017

In January, Lithuania’s industrial production rose a strong 11.5% from the same month last year, a notable improvement over December’s revised 7.0% increase (previously reported: +6.3% year-on-year). According to the Statistical Institute, the result stemmed from stronger output growth in manufacturing and a mild rebound in water supply, sewerage, waste management and remediation activities.

On a monthly basis, industrial production fell a seasonally- and working-day adjusted 2.1% in January, which contrasted the 1.1% increase in December. The overall trend improved in January, with annual average growth picking up to 3.2% from 2.9% in December.

Analysts surveyed by FocusEconomics expect industrial production to expand 3.6% in 2017, which is down 0.1 percentage points from last month’s projection. For 2018, the panel expects industrial output growth of 3.9%.


Author:, Economist

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Lithuania Industry January 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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