Lithuania: Industrial production surges in March
April 23, 2018
Industrial production in Lithuania jumped 8.8% in March in annual terms, accelerating notably from the previous month’s meagre meager 1.9% growth. The marked improvement came on the back of an impressive growth in the electricity, gas, steam and air conditioning supply sector growth, which expanded over a quarter year-on-year. Manufacturing industry output also rose notably in March year-on-year, whereas the mining and quarrying sector continued to contract significantly in March.
On a month-on-month basis, industrial production expanded 2.0% in seasonally- and calendar-adjusted terms in March (February: -3.9% month-on-month). Meanwhile, annual average industrial production growth rose to 6.8% in March, from the previous month’s 6.5% result.
Lithuania Industrial Production Forecast
Analysts surveyed by FocusEconomics expect industrial production to expand 4.8% in 2018, which is unchanged from last month’s projection. For 2019, the panel expects industrial output growth of 4.1%.
Author: Almanas Stanapedis, Research Team Manager