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In March 2015, Lithuania saw second largest industrial production decrease in the European Union (EU) as it went down by 3.4 percent, however, on a year-on-year basis it grew by 6.2 percent, Eurostat, the statistical office of the EU, said.
Lithuania's industrial production down 3.4 percent in March
© DELFI / Mindaugas Ažušilis

In March 2015 compared with February 2015, seasonally adjusted industrial production fell by 0.3 percent in the euro area (EA19) and remained stable in the EU28. In February 2015, industrial production rose by 1.0 percent and 0.8 percent respectively.

In March 2015 compared with March 2014, industrial production increased by 1.8 percent in the euro area and by 2.0 percent in the EU28.

The decrease of 0.3 percent in industrial production in the euro area in March 2015, compared with February 2015, is due to production of energy falling by 1.7 percent, both capital goods and durable consumer goods by 0.9 percent, and intermediate goods by 0.3 percent, while non-durable consumer goods increased by 2.3 percent.

Industrial production remained stable in the EU28 due to production of non-durable consumer goods rising by 2.1 percent and intermediate goods remaining stable, while capital goods and durable consumer goods both fell by 0.5 percent, and energy by 1.0 percent.

The largest decreases in industrial production were registered in the Netherlands (-3.6 percent), Lithuania (-3.4 percent) and Estonia (-1.0 percent), and the highest increases in Latvia (+10.9 percent), Denmark (+4.6 percent), and Ireland (+3.0 percent).

The increase of 1.8 percent in industrial production in the euro area in March 2015, compared with March 2014, is due to production of non-durable consumer goods rising by 5.7 percent, energy by 3.8 percent and capital goods by 0.3 percent, while intermediate goods remained stable and durable consumer goods fell by 1.7 percent.

In the EU28, the increase of 2.0 percent is due to production of non-durable consumer goods rising by 4.6 percent, energy by 2.3 percent, capital goods by 1.2 percent, intermediate goods by 0.9 percent and durable consumer goods by 0.3 percent.

The highest increases in industrial production were registered in Ireland (+40.0 percent), Hungary (+8.9 percent), Latvia (+8.7 percent) and Poland (+6.6 percent). Decreases were recorded in Finland (-4.4 percent), Sweden (-1.1 percent), Malta (-1.0 percent) and Germany (-0.1 percent).

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