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Lithuania Industry February 2018

Lithuania: Industrial production growth moderates in February

Industrial production in Lithuania increased 1.9% in February in annual terms, a marked slowdown from January’s 6.9% jump (previously reported: +7.5%). The slowdown was due to a significant contraction in the mining and quarrying sector, which fell nearly a quarter year-on-year. Meanwhile, the electricity, gas, steam and air conditioning supply; and manufacturing (except for the manufacture of refined petroleum products) sectors were the key drivers of industrial production growth in February.

On a monthly basis, industrial production contracted 3.9% in seasonally- and calendar-adjusted terms (January: -1.1% month-on-month). In turn, annual average growth fell to 6.5% in February, compared to the 6.7% figure in the previous month.

Lithuania Industrial Production Forecast

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