Lithuania industrial production grows in May

Manufacturing

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Lithuania's industrial production expanded in May, largely driven by a robust increase in electricity output, data from the Vilnius-based Statistics Lithuania (LS) showed on Thursday.

Industrial production climbed a working-day adjusted 4.3% year-on-year in May.

Output in the electricity sector alone surged 37.6% annually in May and manufacturing registered an increase of 2.6%.

Excluding refined petroleum, manufacturing production advanced notably by 13.4%. Among the major industrial groups, production of capital goods grew the most by 18.4% annually in May, and that of non-durable goods rose 13.1%.

Meanwhile, production of energy products registered a sharp decline of 29.4%. On a monthly basis, industrial production declined a seasonally and working-day-adjusted 7.6% in May.

On an unadjusted basis, industrial production expanded 7.2% yearly in May, while it fell 6.1% from a month ago. 

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