Lithuania: Industrial production growth dips in August
September 21, 2018
Industrial production rose 3.5% year-on-year in August, down markedly from July’s 7.0% jump (previously reported: +6.0% year-on-year). The slowdown was broad-based: Manufacturing output growth eased significantly in August, although remained solid, while mining and quarrying output swung to negative territory in the month, following a moderate expansion in July. In addition, the water supply, sewerage, waste management and remediation activities sector continued to deteriorate in August, while growth in the electricity, gas, steam and air conditioning supply moderated in the same month.
On a month-on-month basis, industrial output increased 1.4% in working-day adjusted terms in August, doubling from July’s 0.7% uptick (previously reported: -0.3% month-on-month). Meanwhile, annual average growth in industrial production ticked down to 5.6% in August from 6.3% in July.
Author: Almanas Stanapedis, Economist