Lithuania Industrial Production Rises In December

Lithuania's industrial production increased in December, figures from Statistics Lithuania showed on Tuesday.

Industrial production rose a working-day adjusted 33.2 percent year-on-year in December.

Manufacturing output increased 35.3 percent annually in December. Excluding refined petroleum, manufacturing rose 25.8 percent.

Production of water supply, and waste management grew 3.0 percent and those in electricity, gas, steam and air conditioning supply increased 19.7 percent.

Meanwhile, production in mining and quarrying declined 5.1 percent.

Among the major industrial groupings, production of intermediate goods grew 38.3 percent yearly in December and those of capital goods increased 18.0 percent.

Production of energy gained 58.8 percent. Production of durable goods increased by 17.8 percent and those of non-durable goods rose 11.2 percent.

On a monthly basis, industrial production rose a seasonally and working-day adjusted 6.2 percent in December.

On an unadjusted basis, industrial production grew 26.5 percent yearly in December and increased 4.3 percent from a month ago.

For January to December periods, industrial production rose an unadjusted 19.4 percent and rose a seasonally adjusted 20.0 percent.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Asweets Global Inc. is recalling about 2,000 units of Wonder & Wise Activity Tables for potential risk of choking hazard to young children, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. The company said the screws of the tables can become loose and/or detach from the xylophone component of the activity tables to pose a choking hazard to young children. Chinese e-commerce giant Alibaba Group Holdings Ltd. (BABA) reported Thursday a net loss for the fourth quarter that sharply widened from last year, despite 9 percent growth in revenues, hurt by a decreases in the market prices of our equity investments in publicly-traded companies. Omni-channel fashion retailer Macy's, Inc. (M) reported Thursday a first-quarter net income of $286 million or $0.98 per share, sharply higher than $103 million or $0.32 per share in the prior-year quarter. Excluding items, adjusted net income for the quarter was $315 million or $1.08 per share, compared...
Follow RTT