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Industrial production in Lithuania loses steam in April

Staff Writer | May 24, 2018
Industrial production in Lithuania expanded 3.8% over the previous year in April, moderating from March’s revised 9.4% increase (previously reported: +8.8% year-on-year).
Industrial production in Lithuania
Europe   Manufacturing production growth moderated somewhat in Lithuania
The slowdown in April came on the back of a sharp double-digit contraction in the electricity, gas, steam and air conditioning supply sector, which had expanded over a quarter in March.

In addition, the mining and quarrying sector continued to contract, albeit at a softer pace.

Meanwhile, manufacturing production growth moderated somewhat in April but remained solid, whereas growth in water supply, sewerage, waste management and remediation activities accelerated in the month.

On a month-on-month basis, industrial production contracted 7.8% in seasonally- and calendar-adjusted terms in April (March: +2.0% month-on-month).

Meanwhile, annual average industrial production growth rose to a five-month high of 7.0% in April from 6.8% in March.

Analysts surveyed by FocusEconomics expect industrial production to expand 5.2% in 2018, which is up 0.4 percentage points from last month’s projection. For 2019, the panel expects industrial output growth of 4.6%.