Lithuania: Industrial production growth slows again in December
January 23, 2019
Industrial output rose 1.0% year-on-year in December, down from 3.4% in November and marking the lowest reading in the fourth quarter. December’s print reflected strong expansions in the electricity, gas, steam and air conditioning supply sector as well as in water supply, sewage, waste management and remediation activities which more than offset plummeting mining and quarrying production and slightly lower manufacturing output.
On a month-on-month basis, industrial output rose 1.2% in seasonally and working-day adjusted terms in December, compared to a 1.8% fall in the previous month. Meanwhile, annual average growth in industrial production moderated from 5.1% in November to an 18-month low of 4.8% in December.
Lithuania Industrial Production Forecast
Our panelists expect industrial production to expand 4.1% in 2019, unchanged from last month’s projection. For 2020, our panel expects output growth of 3.4%.
Author: Almanas Stanapedis, Economist