Thursday September 21 2017
Lithuania Industrial Production at 13.10 percent
ndustrial production in Lithuania jumped 13.1 percent year-on-year in August of 2017, following an upwardly revised 5.3 percent gain in July. It is the strongest expansion in industrial activity since May of 2013, as production rose sharply for manufacturing (13 percent vs 5.2 percent in July) and mining and quarrying (51.6 percent vs 29.8 percent). Also, output continued to grow for electricity, gas, steam and air conditioning supply (11 percent vs 4 percent). Meantime, production stalled for water supply, sewerage, waste management and remediation activities, compared to a 2.7 percent tumble in July. On a monthly basis, industrial production increased 3.2 percent, recovering from a 0.3 percent drop in the previous month. Considering the January to August period, industrial production surged 7 percent.