Lithuania: Industrial production rebounds in November
December 29, 2011
In November, industrial production rose 0.9% over the same month last year, which contrasted the revised 1.5% contraction recorded in October (previously reported: -1.3% year-on-year). The improvement was broad-based as all the sub-components accelerated over the previous month. Manufacturing expanded from a mild 0.3% increase in October to a 2.6% rise in November, while mining and quarrying expanded 15.7%. Although the electricity and gas and water supply sectors improved, they still remained in negative territory. A month-on-month comparison corroborates the improvement suggested by the annual figures, as industrial production expanded a seasonally adjusted 1.1% in November, which contrasted the 3.6% contraction recorded in October. The trend is pointing downwards, with annual average growth in industrial production falling from 10.5% in October to 9.1% in November.