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Lithuania May Industrial Output Rises on Year

Manufacturing

Industrial production in Lithuania grew 2.1% year-on-year in May, marking the first increase in industrial activity since last September, and recovering from a downwardly revised 9.2% drop in the previous month, data released from the Vilnius-based Statistics Lithuania (LS) on Friday show.

Manufacturing activity rebounded to 3.8% compared to -7.3% in April. In addition, production contracted less for electricity, gas, steam & air-conditioning supply (-19.7% vs -29.8%), mining & quarrying (-7.6% vs -20.2%), and water supply (-3.8% vs -17.9%).

On a seasonally adjusted monthly basis, production shrank by 2.8% in May, the first monthly decline in three months, reversing from an upwardly revised 3% gain in April. 

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