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Lithuania Industrial Production Grows in July

Manufacturing

Image by Pixabay

Lithuania's industrial production logged a sharp expansion in July, largely driven by robust output growth in the power sector, data from Statistics Lithuania (LS) showed on Tuesday.

Industrial production climbed a working-day adjusted 8.2% year-on-year in July.

Production in the electricity sector alone surged 60.1%, and output in the manufacturing sector grew 5.9%. Production in the mining and quarrying sector was 4.1% higher compared to last year.

Among the major industrial groups, production of energy products grew the most, by 31.9%, yearly in July, and that of capital goods rose 13.3%.

On a monthly basis, industrial production increased a seasonally and working-day-adjusted 6.5% in July. On an unadjusted basis, industrial production rose 7.2% yearly and by 1.6% monthly in July.

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