Lithuania: Industrial production slows in September
October 22, 2012
In September, industrial production expanded 4.2% over the same month last year, which was below the 10.4% rise observed in August. The moderation was mainly driven by slower growth in mining and quarrying as well as a contraction in the electricity, gas and water sector. On a monthly basis, industrial production declined 1.7% over the previous month in seasonally adjusted terms (August: +4.6% month-on-month). As a result of the slower annual increase, the trend is pointing downwards, with annual average growth in industrial production falling from 2.4% in August to 1.9% in September, the lowest level seen in two years.