Lithuania: Industrial production contracts in January
Latest reading: Industrial production fell 0.8% on a year-on-year basis in January, following 3.6% growth in the prior month.
Relative to the previous month’s data, readings in January softened for manufacturing (-2.3% on a year-on-year basis vs +5.0% in December) and mining and quarrying (-45.0% vs +5.8% in December). In contrast, the reading for electricity, gas, steam and air conditioning improved in January (+21.7% vs -12.2% in December).
In seasonally adjusted month-on-month terms, industrial production increased 2.6% in January, following a 0.3% fall in the prior month.