RTTNews - Lithuania's industrial output contracted 25.5% year-on-year in April, faster than a 17.9% drop in March, the Statistics Lithuania said Thursday. After adjusting for labor day effects, output fell 24.5%.
During the month, mining and quarrying output plunged 43.7% on an annual basis, while manufacturing output was down 26.4%. Production of utilities declined 16.2%.
Month-on-month, industrial output slipped 4.4% in April, reversing the 0.8% rise in the previous month. After adjusting for seasonal effects, industrial output declined 1%.
During the January-April period, industrial output decreased 16.9% compared to the same period in the previous year, and after adjusting for working day effects, fell 16.2%.
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