Lithuania Industry


Lithuania: Industrial production contracts for fourth consecutive month

March 21, 2014

In February, industrial production fell 2.3% over the same month last year. February's fall, which followed the 7.0% contraction recorded in January, was driven by a steep decline in the electricity, gas and steam sector as well as a drop in manufacturing. On a sequential basis, industrial production increased 2.5% over the previous month in seasonally-adjusted terms, which contrasted the 2.8% decrease registered in January. Annual average growth in industrial production fell from 2.5% in January to 2.2% in February. FocusEconomics Consensus Forecast panelists expect industrial production to expand 7.1% this year, which is down 0.7 percentage points over last month's estimate. The panel expects industrial production to increase 7.8% in 2015.

Author:, Economist

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Lithuania Industry Chart

Lithuania Industry February 2014

Note: Year-on-year changes and annual average growth of industrial production index in %.
Source: Statistics Lithuania and FocusEconomics calculations.

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