Lithuania: Industrial production growth falls in March
April 23, 2019
Industrial output rose 2.6% year-on-year in March, down from the 6.0% rise in February. The deceleration was broad-based, largely reflecting weaker output growth in the manufacturing as well as mining and quarrying sectors. Furthermore, March marked yet another contraction in the electricity, gas, steam and air conditioning supply sector.
On a month-on-month basis, industrial output rose 3.4% in seasonally and working-day adjusted terms in March, compared to a 4.6% contraction in the previous month. Meanwhile, annual average growth in industrial production fell from 4.9% in February to 4.4% in March.
Author: Almanas Stanapedis, Economist