Lithuania industrial production decrease in March
Photo by Algimantas Barzdzius / Shutterstock.com
Lithuania’s industrial production declined in March, according to the latest figures from Statistics Lithuania (LS). Industrial production decreased a working-day adjusted 1.5% year-on-year in March.
Factory at Kėdainiai, one of the oldest cities in Lithuania. Photo by Algimantas Barzdzius / Shutterstock.com
Manufacturing output fell 1.3% annually in March. Meanwhile, excluding refined petroleum, manufacturing rose 0.7%. Production in mining and quarrying declined 8.3%. Output in the water supply and waste management decreased 2.9%. Production in electricity, gas, steam and air conditioning supply rose 2.7%.
Among the major industrial groupings, production of durable goods declined 16.3% and energy production fell 9.7%. Meanwhile, output of capital goods surged 8.6% and those of non-durable goods and intermediate goods increased by 6.7% and 0.3%, respectively.
On a monthly basis, industrial production rose 0.7% in March, LS said on April 23.
ADVERTISEMENT
Mapei Targets 6% Higher Revenue This Year
Parliament Negates Mandatory Membership in MOK
Number of Residential Developments in Cities Falls 9%
Budapest Leaders Unveil Plans to Scale Back Traffic on Thoro...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
