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.
Author: David Ampudia, Economist