Lithuania posts steepest rise in industrial production across EU in May
Industrial production in Lithuania rose by 7.3 % in May versus April and the rise was the steepest across the European Union (EU), the Eurostat reported.
In April the industry posted a 1.2% monthly decline, while over March the production contracted by 7%, according to the EU statistics agency.
In May compared with May 2008, industrial production in Lithuania plunged by 18.5%.
The monthly decline in industrial production was the largest in Latvia (4%) in May, while in Estonia the output rose by 1.3% from April.
The largest annual drop was registered in Estonia (29.9%), while in Latvia the industrial production contracted by 19.3% compared with May 2008.