Analytics, Industry, Lithuania, Markets and Companies

Over the month, mining and quarrying and manufacturing production decreased by 6.8%, seasonally adjusted – by 3.1%, manufacturing production – by 6.6%, seasonally adjusted – by 3.1%.

Over the month, a decrease in production was observed for the manufacture of basic pharmaceutical products and pharmaceutical preparations (43.7%), motor vehicles and equipment (42.5%), leather and related products (30.5%), electrical equipment (22.7%), other non-metallic mineral products (20.9%), rubber and plastic products (17.5%), paper and paper products (17.2%).

In December 2014, against November, the largest increase in production was observed for the manufacture of beverages (25.4%), repair and installation of machinery and equipment (14%), computer, electronic and optical products (13.9%), fabricated metal products, except machinery and equipment (12.1%), chemicals and chemical products (5.9%).

Table 1. Changes in industrial production, at constant prices of 2010, growth, drop, (−),%

In December 2014, against December 2013, industrial production increased by 3.8% at constant prices, working day adjusted – by 2.6%. Over the year, mining and quarrying and manufacturing production increased by 3.3%, working day adjusted – by 1.7%, manufacturing production increased by 3.4%, working day adjusted – by 1.7%.

In January–December 2014, industrial production totalled EUR 19.53 billion at current prices; compared to the same period of 2013, it remained unchanged at constant prices, working day adjusted – increased by 0.2%. Over the said period, mining and quarrying and manufacturing production increased by 0.8%, working day adjusted – by 1.1%, of which manufacturing production increased by 0.7%, working day adjusted – by 1%.

Table 2. Changes in industrial production, at constant prices of 2010, growth, drop, (−),%

In January–December 2014, compared to January–December 2013, the proportion of mining and quarrying and manufacturing sales and services on the non-Lithuanian market dropped by 3.1 percentage points and made up 63.3%, on the Lithuanian market – grew by 3.1 percentage points and made up 36.7%.

In January–December 2014, compared to January–December 2013, the value of sales and services of industrial enterprises on the non-Lithuanian market dropped by 8.3% at current prices. The decrease was influenced by a 28.5% decrease in sales of refined petroleum products, 6.3% – chemicals and chemical products, 34.3% – other transport equipment. The value of sales and services on the non-Lithuanian market, refined petroleum products excluded, increased by 3.1% at current prices. The increase was influenced by an increase in the output of sales of enterprises engaged in the manufacture of furniture (11.6%), rubber and plastic products (14.3%), fabricated metal products, except machinery and equipment (20.3%), wood and wood products, except furniture (9.6%), basic pharmaceutical products and pharmaceutical preparations (50.5%).

Over the period in question, the value of mining and quarrying and manufacturing sales and services on the Lithuanian market grew by 5.1% at current prices, refined petroleum products excluded – by 7.4%.

Concepts

Industrial output refers to the value (VAT and excise excluded) of the sales of goods manufactured or manufacturing work carried out by an enterprise. For the calculation of changes in industrial output, a producer price index is used.

Sales and services of industrial enterprises refers to the income of an economic entity received during a certain period through selling its goods or carrying out manufacturing work. The sales of goods purchased for resale, byproducts, other ancillary services to third persons are included. Income from the sale of tangible fixed assets, financial and investment activity, windfall and the like are not included.

For more information, see the Database of Indicators.