Lithuania: Industrial production growth slows in June
July 23, 2018
Industrial production rose 2.6% year-on-year in June, decelerating from May’s 4.9% increase. The moderation in output came on the back of decelerating manufacturing production growth and marked contractions in mining and quarrying output, and the electricity, gas, steam and air conditioning supply sector. A notable exception was the water supply, sewerage, waste management and remediation activities sector, which saw the largest jump in output in 10 months.
On a month-on-month basis, industrial output in June expanded 0.8% in working-day adjusted terms from an 11.6% increase in May. Meanwhile, annual average growth in industrial production fell to a nine-month low of 6.1% in June, from 6.8% in May.
Lithuania Industrial Production Forecast
Analysts surveyed by FocusEconomics expect industrial production to expand 5.2% in 2018, which is down 0.2 percentage points from last month’s projection. For 2019, the panel expects industrial output growth of 4.1%.
Author: Almanas Stanapedis, Economist