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Lithuania Industrial Output Shrinks in August

Manufacturing

Industrial production in Lithuania fell 7.3% year-on-year in August, easing from an upwardly revised 9% fall in the previous month, figures from the Vilnius-based Statistics Lithuania (LS) on Friday show.

It was the softest contraction since January, as output declined less for manufacturing (-3.6% vs -7%).

Meanwhile, output dropped at a faster pace for mining & quarrying (-7.2% vs -2.6%), electricity, gas, steam & air-conditioning (-45.4% vs -35.7%), and water supply (-8.6% vs -2.2%).

On a seasonally adjusted monthly basis, industrial production grew 3.8% in August, recovering from an upwardly revised 4.7% fall in the previous month.

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