Lithuania: Industrial production soars in August
September 21, 2017
Lithuania’s industrial production jumped 12.5% year-on-year in August, a significant acceleration from July’s revised 4.5% expansion (previously reported: +4.1% year-on-year). August’s strong result came on the back of a broad-based expansion in all three industrial sectors, with the manufacturing and electricity, gas, steam and air conditioning sectors growing more than 10% and growth in the mining and quarrying sector skyrocketing over 50%.
A month-on-month comparison showed that industrial production expanded 3.2% in seasonally and calendar-adjusted terms (July: -0.9% month-on-month). The overall trend consequently continued to improve in August as annual average growth rose from 5.6% in July to a nearly four-year high of 6.3%.