Lithuania Industry March 2016

Lithuania

Lithuania: Industrial production deteriorates in March

April 21, 2016

Industrial production expanded 4.3% annually in March, which came in below the revised 5.7% increase registered in February (previously reported: +5.5% year-on-year). March’s reading reflected decelerations in manufacturing output and water supply management, which more than offset a rebound in electricity, gas and steam output.

On a monthly basis, industrial production decreased a seasonally- and working-day adjusted 3.5% in March. The reading contrasted February’s 2.4% expansion and marked the fastest monthly decline in seven months.

Due to March’s slowdown, the trend is pointing downward. Annual average growth in industrial production in March increased 5.2%, which was below February’s 5.7% reading.

Analysts surveyed by FocusEconomics Consensus Forecast expect industrial production to expand 4.1% in 2016, which is unchanged from last month’s projection. For 2017, the panel expects growth in industrial output to reach 4.1%.


Author:, Economist

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Lithuania Industry March 2016

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


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