Lithuania Industry June 2016


Lithuania: Industrial production contracts in June

July 21, 2016

In June, Lithuania’s industrial production contracted 2.3% over the same month last year. The reading marked a return to contraction following the 2.6% increase tallied in May. According to the Statistical Institute, the decrease reflected a downturn in manufacturing, as well as in water supply, sewerage and waste management activities.

On a monthly basis, industrial production decreased a seasonally- and working-day adjusted 1.0% in June, which contrasted May’s 3.8% expansion. The overall trend worsened as annual average growth in industrial production fell from 4.9% in May to 3.7% in June.

Analysts surveyed by FocusEconomics expect industrial production to expand 4.5% in 2016, which is down 0.2 percentage points from last month’s projection. For 2017, the panel expects growth in industrial output of 4.4%.

Author:, Economist

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Lithuania Industry Chart

Lithuania Industry June 2016 0

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

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