Lithuania Industry August 2016


Lithuania: Industrial production rebounds sharply in August

September 21, 2016

In August, Lithuania’s industrial production rose 1.6% over the same month last year. The reading contrasted the 3.7% contraction in July, which had been the largest drop since August 2014. According to the Statistical Institute, the increase was broad-based, with mining and quarrying as well as manufacturing logging the largest increases.

On a monthly basis, industrial production declined a seasonally- and working-day adjusted 2.0% in August, which contrasted July’s 1.2% expansion. As a consequence of prolonged volatility in industrial production, the overall trend worsened notably in August, with annual average growth falling from 3.0% in July to 2.6%, the lowest reading in a year and a half.

Analysts surveyed by FocusEconomics expect industrial production to expand 4.0% in 2016, which is down 0.5 percentage points from last month’s projection. For 2017, the panel expects growth in industrial output of 4.2%.

Author:, Economist

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Lithuania Industry Chart

Lithuania Industry August 2016

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

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