International Internet Magazine. Baltic States news & analytics
Thursday, 26.11.2015, 23:23
Statistics Lithuania informs that in October 2015 industrial production totalled EUR 1.6 billion at current prices and, compared to September, increased by 11.7% at constant prices, seasonally and working day adjusted – increased by 11.3%. In January–October 2015, industrial production totalled EUR 15.6 billion at current prices and compared to the same period of 2014, grew by 4.7% at constant prices.
Keyword tags: Analytics, Good for Business, Industry, Lithuania, Markets and Companies
The Lithuanian industrialists' Confederation (LIC) says that the country's manufacturers are recovering from losses suffered in the wake of Russia's embargo and US companies are becoming their strategic export partners, the daily Lietuvos Zinios reported on Tuesday, cites LETA/BNS.
According to the data of the Central Statistical Bureau of Latvia (CSB), compared to September level of producer prices in industry in October 2015 dropped by 0.6%. The level of prices of products sold on the domestic market decreased by 0.7%, prices of exported products – by 0.6%.
According to Statistics Estonia, in October 2015, the producer price index of industrial output changed by –0.3% compared to September 2015 and by –2.2% compared to October 2014.
Lithuania in September registered some of the largest decreases in industrial production in the European Union, according to figures released by the EU statistics office Eurostat on Thursday. Only Netherlands' and Estonia’s drops were larger, reports LETA/BNS.
Belarus is inviting Lithuanians to set up production facilities in the Great Stone industrial park, but the high-key project is met with some skepticism, the business daily Verslo Zinios reported on November 12th, cites BNS/LETA.
Latest data compiled by the Central Statistical Bureau show that compared to August, manufacturing turnover1 in September 2015 according to seasonally adjusted data (at current prices) increased by 0.2%. Growth of 1.2% was recorded in export, of which increase of 1.5% in Eurozone, and of 1.2% in Non-eurozone.