Lithuanian industrial production growth stalls in October

Lithuanian industrial production growth stalls in October
By bne IntelliNews November 21, 2016

Lithuanian industrial production expanded an adjusted 0.1% y/y in October, according to data from Statistics Lithuania released on November 21.

The minimal growth comes after September’s jump of 7.8% and – even if only just – extends a growth period in Lithuanian industry to two months, after four months of decline. The waning tempo of growth brings back worries about GDP performance of the Baltic state. 

Lithuanian GDP growth came in at 1.7% y/y in the third quarter, marking a slowdown compared to a revised 1.9% for the first quarter. It was the second consecutive quarter of slowing GDP growth.
 
In monthly terms, industrial production grew an adjusted 2.8% in October. On an unadjusted basis, annual production decreased 2.6% in the tenth month of the year, while unadjusted monthly output advanced 0.3%. Output totalled €1.6bn in nominal terms, the same as in the previous month.

Most sectors saw output decrease on an adjusted annual basis in October. Manufacturing output fell 0.4%, while production in the mining and quarrying segment contracted 4.7%. The output in the water and waste management segment fell 0.1%. Only production in the electricity, gas, steam and air conditioning sector saw production grow, by 6.4%.

Related Content

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