Lithuania Industry July 2017

Lithuania

Lithuania: Industrial production growth stumbles in July

August 22, 2017

Lithuania’s industrial production rose 4.1% year-on-year in July, a significant deceleration from June’s revised 11.2% expansion (previously reported: +10.0% year-on-year). July’s weaker result was due to a more subdued performance in both the mining and quarrying, and manufacturing sectors compared to June. However, growth in the electricity, gas, steam and air conditioning supply sector gained speed.

A month-on-month comparison showed that industrial production declined 0.9% in seasonally and calendar-adjusted terms (June: -0.7% month-on-month). The overall trend nevertheless continued to improve in July as annual average growth rose from 4.9% in June to a 16-month high of 5.5% in July.

Analysts surveyed by FocusEconomics expect industrial production to expand 4.8% in 2017, which is up 0.3 percentage points from last month’s projection. For 2018, the panel expects industrial output growth of 4.4%.


Author:, Economist

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Lithuania Industry July 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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