Lithuanian industrial production grew 13.8% y/y in April on a calendar-adjusted basis, according to data from Statistics Lithuania released on May 23.
The reading marks a gain of as many as 8.7pp in the annual growth rate after output grew 5.1% in annual terms in March.
The continuous growth of industrial production is promising for the national economy at the beginning of the year. The Lithuanian GDP picked up to 3.8% y/y in the first quarter overall. The Baltic state’s economic growth is expected to moderate to 2.7% in 2019.
In monthly seasonally and working day-adjusted terms, industrial production fell 0.3% in April while unadjusted data recorded growth of 16.5% y/y and a fall of 4.6% m/m. In nominal terms, Lithuanian industry turned out €1.9bn worth of product in April.
The adjusted annual growth in April owes to production expanding 14% y/y in the most-weighted manufacturing segment, compared to a growth of 7% y/y the preceding month.
Output in the utility segment grew 12.3% y/y in April; that compares to a fall of 11.1% y/y in February.
The water supply, sewage treatment, and waste management segment saw production gain 3.5% on the year in April after a growth of 2.4% y/y the previous month.
Output in mining and quarrying grew 4.9% y/y in April, after jumping 24% y/y in March.