Lithuanian industrial production accelerates to 8.4% y/y in January

Lithuanian industrial production accelerates to 8.4% y/y in January
By bne IntelliNews February 22, 2017

Lithuanian industrial production growth picked up speed in January, expanding 8.4% y/y on an adjusted basis, according to data from Statistics Lithuania released on February 23.

The gain sets 2017 off to a good start after an erratic 2016, when periods of solid growth alternated with contraction. Nevertheless, the expansion in January is the fifth straight month of growth, and the fourth month in which output expansion accelerated.

Should the trend continue, GDP - which expanded 2.2% in 2016 - would be well positioned to beat last year’s result, in line with forecasts. Economic expansion is likely to push to 2.9% in 2017, the European Commission forecast earlier this month.

On an unadjusted basis, annual production grew 11.5% y/y in January, while in monthly terms, growth came in at adjusted 1.9%. It fell 2.1% in unadjusted terms. In nominal terms, Lithuanian industry turned out product to the tune of €1.67bn in January.

The adjusted January growth owes exclusively to manufacturing output booming over 12.3%, while production in other segments waned. Mining and quarrying contracted 4.4%, production in the water supply segment fell 1.6%, while in the utilities sector, the decrease came in at over 12%.

Data

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Dismiss