RTTNews - Lithuania's industrial output dropped 16.3% year-on-year in June, the Statistics Lithuania said Wednesday. After adjusting for labor-day effects, output fell 17.4%. In May, industrial output was down an unadjusted 19.3%, and slipped 18.4% after adjustments were made.
Annually, mining and quarrying output dipped an unadjusted 22.2% in June, while manufacturing output dropped 16.7%. Production of utilities fell 12%.
Month-on-month, industrial output rose 4.4% on an unadjusted basis, faster than a 4.2% growth in May. On a seasonally adjusted basis, output grew 1.2% in June.
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