Lithuanian Industrial Production Grows in January
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Lithuania's industrial output expanded in January, driven by strong growth in the utility sector, data from Statistics Lithuania (LS) showed on Monday. Industrial production rose a working-day-adjusted 4.3% year-on-year in January.
Production in the electricity, gas, steam supply, and air conditioning segments alone grew 22.3% annually in January, and that in the manufacturing sector advanced 2%.
Meanwhile, mining and quarrying output declined sharply by 24.3% in January compared to last year. Among the major industrial groups, production of energy products increased the most, by 16% yearly in January, and that of intermediate goods rose by 2.2.
On a seasonally adjusted monthly basis, industrial output rose 7.1% in January, shifting from an upwardly revised 2.5% fall in the prior month.
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