Lithuanian industrial production continues to dwindle in August

Lithuanian industrial production continues to dwindle in August
By bne IntelliNews September 21, 2016

Lithuanian industrial production fell an adjusted 1.2% y/y in August, according to data from Statistics Lithuania released on September 21.
 
The contraction was deeper than July’s fall of 0.7%, with August proving a fourth consecutive month in which output fell, extending worries on economic growth in the Baltic state.

Lithuanian GDP growth came in at 1.9% y/y in the second quarter, marking a slowdown compared to a revised 2.4% for the first quarter. It was the first time growth had slowed since the first quarter of 2015. 

In monthly terms, industrial production fell an adjusted 2% in August. On an unadjusted basis, annual production decreased 1.6% in the eighth month of the year, while unadjusted monthly output dipped 0.8%. Output totalled €1.49bn in nominal terms, minimally less than the €1.5bn the previous month.

Most sectors saw output fall on an adjusted annual basis in June. Manufacturing output fell 1.3%, accelerating from a drop of just 0.2% the previous month. Mining and quarrying, on the other hand, advanced 7.4% y/y, faster than July’s growth of 2.7%. The electricity, gas, steam and air conditioning sector saw production inch up 0.1% and output in the water and waste management segment fell 2%.

Related Articles

Latvia heads off Russian gas mischief with legislation on strategic companies

The Latvian parliament passed amendments to national security and commercial laws on March 23, handing the state the power to block the sale of companies considered strategic. The legislation will ... more

EU asks CEE to comment on Russian gas promises

The European Commission has invited comments from Central & Eastern European states on proposals put forward by Russian gas giant Gazprom to meet competition concerns. Visegrad and the Baltic ... more

EBRD says 2016 net profit was around €1bn

The European Bank for Reconstruction and Development (EBRD) said it made a net profit of around €1bn in 2016, up by a quarter from the €802mn it made in ... more

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:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

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

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

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.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss