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Lithuania industrial production growth eases to six-month low in April

Staff Writer |
Lithuania's industrial production rose 1.8% year-on-year in April, a significant deceleration from March’s 5.8% expansion.

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The slowdown in April, which marked a six-month low, was primarily driven by weaker growth in manufacturing output and mining and quarrying.

Conversely, the electricity, gas, steam and air conditioning supply category rebounded in the same month.

A month-on-month comparison showed that industrial production decreased 0.6% in seasonally and calendar-adjusted terms (March: -3.1% m-o-m).

The overall trend continued to marginally improve in April as annual average growth inched up from 3.2% in March to 3.5%.

Analysts surveyed by FocusEconomics expect industrial production to expand 3.9% in 2017, which is up 0.1 percentage points from last month’s projection.

For 2018, the panel expects industrial output growth of 3.6%.