Lithuania: Industrial production rebounds in September
October 21, 2013
In September, industrial production expanded 0.4% over the same month last year, contrasting the revised 3.0% decrease recorded in August (previously reported: -2.8% year-on-year). The rebound in September mainly reflects strong growth in mining and quarrying, which more than offset a contraction in electricity, gas and steam. On a sequential basis, industrial production fell 0.6% over the previous month in seasonally-adjusted terms, contrasting the 3.4% increase registered in August. Annual average growth in industrial production fell from 6.7% in August to 6.4% in September. FocusEconomics Consensus Forecast panelists expect industrial production to expand 3.8% this year, which is unchanged over last month's estimate. The panel expects industrial production to increase 5.9% in 2014, which is also unchanged from last month's forecast.
Author: Carl Kelly, Economist