Lithuania Retail Sales Jumps, Industrial Production Falls in December
Image by Pixabay
Lithuania's retail sales increased 1.9% year-on-year in December from 0.1% rise in the previous month, data from Statistics Lithuania (LS) on Friday show.
It was the third consecutive month of growth and the highest since January, as sales rebounded for food, alcoholic beverages, and tobacco (1.2% vs -0.5% in November) and sharply grew for non-food products (6.3% vs 2.2%). Meanwhile, sales for automotive fuel in specialized stores dropped further (-6.3% vs -3.1%).
On a monthly basis, retail activity rose 0.3% in December, decelerating from a 0.5% increase in the previous month. A separate report from the Vilnius-based statistics office showed that the country's industrial production dropped 7.4% year-on-year in December, slipping further from an upwardly revised 3.5% fall in the previous month. It marked the second period of declining industrial activity as output sharply decreased for three of the four main components namely, electricity, gas, steam and air c onditioning supply.
On a seasonally adjusted monthly basis, industrial output sank 1.5%, down from a 1.3% drop in November.
MOL and O&GD Discover New Oil Reserve Near Tura
Hungary Expects Progress From EU on Erasmus+ Matter
Airport Developments Exceed HUF 130 bln
7th Edition of BSC Charity Beach Volleyball Tournaments Comi...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
