Lithuania Industry April 2018

Lithuania

Lithuania: Industrial production loses steam in April

May 22, 2018

Industrial production expanded 3.8% over the previous year in April, moderating from March’s revised 9.4% increase (previously reported: +8.8% year-on-year). The slowdown in April came on the back of a sharp double-digit contraction in the electricity, gas, steam and air conditioning supply sector, which had expanded over a quarter in March. In addition, the mining and quarrying sector continued to contract, albeit at a softer pace. Meanwhile, manufacturing production growth moderated somewhat in April but remained solid, whereas growth in water supply, sewerage, waste management and remediation activities accelerated in the month.

On a month-on-month basis, industrial production contracted 7.8% in seasonally- and calendar-adjusted terms in April (March: +2.0% month-on-month). Meanwhile, annual average industrial production growth rose to a five-month high of 7.0% in April from 6.8% in March.

Lithuania Industrial Production Forecast


Analysts surveyed by FocusEconomics expect industrial production to expand 5.2% in 2018, which is up 0.4 percentage points from last month’s projection. For 2019, the panel expects industrial output growth of 4.6%.


Author:, Economist

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Lithuania Industry Chart


Lithuania Industry April 2018

Note: Year-on-year changes and annual average growth of industrial production index in %.
Source: Statistics Lithuania and FocusEconomics calculations.


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