Analytics, Industry, Lithuania, Markets and Companies

Over the month, mining and quarrying and manufacturing production increased by 4.5%, seasonally adjusted – by 6.2%; manufacturing production increased by 4.6%, seasonally adjusted – by 6.2%.

Over the month, an increase in production was observed in the manufacture of leather and leather products (24.4%), chemicals and chemical products (23.3%), paper and paper products (14.1%), base metals (13%), textiles (12%), wood and wood products, except for furniture (11.3%), and food products (10.7%).

In October, against September, the largest decrease in production was observed in the manufacture of basic pharmaceutical products and pharmaceutical preparations (23.9%), repair and installation of machinery and equipment (13.5%), manufacture of motor vehicles, trailers and semitrailers (6.2%), and computer, electronic and optical products (5.4%).

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

In October 2014, against October 2013, total industrial production grew by 0.3% at constant prices, working day adjusted – by 1.2%. Over the year, mining and quarrying and manufacturing production grew by 1.4%, working day adjusted – by 2.3%; manufacturing production grew by the same percentage.

In January–October 2014, total industrial production amounted to LTL 56.1 billion (EUR 16.26 billion) at current prices and, against the same period in 2013, dropped by 1.2% at constant prices, working day adjusted – by 0.8%. Over the period in question, mining and quarrying and manufacturing production dropped by 0.1%, working day adjusted – grew by 0.4%; manufacturing production dropped by 0.2%, working day adjusted – grew by 0.3%.

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

In January–October 2014, against the same period in 2013, the proportion of mining and quarrying and manufacturing sales and services on the non-Lithuanian market dropped by 3.3 percentage points and stood at 63.4%, on the Lithuanian market – grew by 3.3 percentage points and stood at 36.6%.

In January–October 2014, against the same period in 2013, the value of sales and services of industrial enterprises on the non-Lithuanian market dropped by 8.8% at current prices. It was mainly influenced by a 29.4% decrease in the sales of the production of the manufacture of refined petroleum products, 9.1% – chemicals and chemical products, 37.3% – other transport equipment. Refined petroleum products excluded, the value of sales and services of industrial enterprises on the non-Lithuanian market grew by 3.1% at current prices. It was influenced by a 12.4% increase in the sales of the production of the manufacture of furniture, 15.8% – rubber and plastic products, 21.6% – metal products, except for machinery and equipment, 10.8% – wood and wood products, except for furniture, 67.4% – basic pharmaceutical products and pharmaceutical preparations.

Over the period in question, the value of sales and services of industrial enterprises on the Lithuanian market grew by 5.4% at current prices, refined petroleum products excluded – by 7.4%.

Concepts

Industrial production 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 production, 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.