ADVERTISEMENT

Lithuania industrial production falls in December

Automotive

Lithuania’s industrial production declined in December, led by falls in electricity output, figures from Statistics Lithuania (LS) show. Industrial production decreased a working-day adjusted 0.4% year-on-year in December, led by a 9.3% drop in electricity, gas, steam and air conditioning supply.

Meanwhile, manufacturing output rose 0.7% in December. Excluding refined petroleum, manufacturing grew 4.8%. Output in the mining and quarrying increased 5.5% and those of water supply and waste management rose 1.3%.

Among the major industrial groupings, output of energy and durable goods declined 12.2% and 1.3%, respectively. On the other hand, production of capital goods surged 22.9% and those of non-durable and intermediate goods increased by 2.1% and 1.6%, respectively.

On a monthly basis, industrial production declined 7.1% in December, LS said on January 23.

ADVERTISEMENT

Czech economic confidence weakens in November Analysis

Czech economic confidence weakens in November

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

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.