[cityhantam]

Industrial production in Lithuania plunged by 15.3% year-on-year in March 2023, after an upwardly revised 8.4% decline in the previous month, and marking the largest fall since May 2012. It was also the fourth consecutive period of decline in industrial activity after no growth in November 2022, as output shrank further in all of the sub-indices, namely, mining & quarrying (-6.06% vs -3.15% in February), manufacturing (-8.76% vs -8.36%), electricity, gas & air-conditioning supply (-36.46% vs -9.5%), and water supply, sewerage & waste management (-7.27% vs -5.99%). On a seasonally adjusted monthly basis, industrial production decreased by 0.8% in March.