Lithuania: Industrial production rebounds with vigour in October
November 23, 2018
Industrial output rose 10.9% year-on-year in October, rebounding from September’s 2.5% contraction. October’s print marked the strongest expansion since August 2017 and came on the back of a double-digit increase in manufacturing production. Coupled with higher electricity, gas, steam and air conditioning supply, this more than offset lower mining and quarrying output.
On a month-on-month basis, industrial output rose 7.4% in seasonally and working-day adjusted terms in October, compared to a 3.1% drop in September. Meanwhile, annual average growth edged up to 5.2% in October, from 5.0% in the previous month.
Author: Almanas Stanapedis, Economist