Lithuanian industrial production growth slows to 5.8% y/y in February

Lithuanian industrial production growth slows to 5.8% y/y in February
By bne IntelliNews March 21, 2017

Lithuanian industrial production growth slowed in February to 5.8% y/y on an adjusted basis, according to data from Statistics Lithuania released on March 21.

The reading is well below the gain of 8.4% registered in the first month of the year, but despite the slowdown, shows that growth remains solid. Output has not yet shown any sign of the volatility that characterised much of last year. The expansion in February was the sixth straight month of growth, although it did bring to an end an acceleration trend.

The early year results out of industry suggest GDP - which expanded 2.2% in 2016 - could 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.

However activity dropped 3.1% m/m, although adjusted data recorded a gain of 1.1%. On an unadjusted basis, annual production grew 3.7%. In nominal terms, Lithuanian industry turned out product to the tune of €1.59bn in February, a decrease on €1.67bn in the first month of the year.

The adjusted January growth owes to expansion across all sectors. Production in the manufacturing segment grew 4.3%, while in mining and quarrying it expanded 16.1%. Output in the utilities segment grew 17.2%, while production in the water supply segment gained 4%.

 

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:
  • 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