Lithuania Industry April 2017

Lithuania

Lithuania: Industrial production growth eases to six-month low in April

May 22, 2017

Lithuania´s industrial production rose 1.8% year-on-year in April, a significant deceleration from March’s 5.8% expansion. The slowdown in April, which marked a six-month low, was primarily driven by weaker growth in manufacturing output and mining and quarrying. Conversely, the electricity, gas, steam and air conditioning supply category rebounded in the same month.

A month-on-month comparison showed that industrial production decreased 0.6% in seasonally and calendar-adjusted terms (March: -3.1% m-o-m). The overall trend continued to marginally improve in April as annual average growth inched up from 3.2% in March to 3.5%.

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


Author:, Economist

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Lithuania Industry April 2017

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


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