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Lithuania Industrial Output Drops at a Softer Pace in April

Analysis

Image by Pixabay

Industrial production in Lithuania dropped 9.3% year-on-year in April, marking the fifth straight month of fall in industrial activity, and easing from a downwardly revised 14.9% in the previous month, data released by the Vilnius-based Statistics Lithuania (LS) on Tuesday show.

Output fell less for both manufacturing (-7.5% vs -12.5% in March) and electricity, gas, steam & air-conditioning supply (-27.7% vs -36.7%).

Meanwhile, output dropped faster for mining & quarrying (-22.8% vs -22.7%) and water supply (-10.2% vs -7.6%).

On a seasonally adjusted monthly basis, production increased by 2.7% in April. 

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