Lithuania: Industrial production accelerates in March
April 21, 2017
In March, Lithuania’s industrial production rose 5.8% from the same month last year, a significant acceleration from February’s revised 4.5% increase (previously reported: +3.7% year-on-year). According to the Statistical Institute, the result stemmed from faster output growth in manufacturing and mining and quarrying, which more than offset a contraction in the electricity, gas, steam and air conditioning supply sector.
The overall trend improved marginally in March, with annual average growth inching up to 3.2% from 3.1% in February.