Lithuania: Industrial production weakens in February
March 21, 2013
In February, industrial production expanded 1.6% over the same month last year, which was well below the 8.6% rise observed in January. The deceleration was mainly driven by declines in electricity, gas and steam as well as in water supply.
On a monthly basis, industrial production fell 3.7% over the previous period in seasonally adjusted terms. As a result of the slower annual increase, the trend now points downwards, with annual average growth in industrial production inching down from 4.3% in January to 4.2% in February.
FocusEconomics Consensus Forecast panellists expect industrial production to expand 4.6% this year, which is up 0.3 percentage points over last month's estimate. For 2014, the panel anticipates industrial production to increase 6.5%.