Lithuania Industry December 2016

Lithuania

Lithuania: Industrial production gains speed in December, subcomponents paint a mixed picture

January 23, 2017

In December, Lithuania’s industrial production rose a sizeable 6.3% from the same month last year, a notable improvement over November’s revised 2.1% increase (previously reported: +2.3% year-on-year). According to the Statistical Institute, the result stemmed from stronger output growth in mining and quarrying and manufacturing, with the latter growing at the fastest pace in a year and a half. Growth in these two subcomponents more than offset a severe downswing in output of electricity, gas and steam and water supply.

On a monthly basis, industrial production climbed a seasonally- and working-day adjusted 1.1% in December, which mirrored November’s reading. The overall trend improved in December, with annual average growth picking up to 2.4% from 2.3% in November.

Analysts surveyed by FocusEconomics expect industrial production to expand 3.6% in 2017, which is down 0.1 percentage points from last month’s projection. For 2018, the panel expects industrial output growth of 3.9%.


Author:, Economist

Sample Report

Looking for forecasts related to Industry in Lithuania? Download a sample report now.

Download

Lithuania Industry Chart


Lithuania Industry December 2016

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


Lithuania Economic News

More news

Search form