Industrial production in Lithuania down by 7.5% in October

In October 2024, compared with September 2024, seasonally adjusted industrial production remained stable in the euro area and increased by 0.3% the EU, according to first estimates from Eurostat, the statistical office of the European Union. In September 2024, industrial production fell by 1.5% in the euro area and by 1.4% in the EU.

In October 2024, compared with October 2023, industrial production decreased by 1.2% the euro area and by 0.8% in the EU.

In the euro area in October 2024, compared with September 2024, industrial production remained stable for intermediate goods, decreased by 1.9% for energy, increased by 1.7% for capital goods, decreased by 1.8% for durable consumer goods, decreased by 2.3% for non-durable consumer goods.

In the EU, industrial production increased by 0.2% for intermediate goods, decreased by 1.3% for energy, increased by 1.7% for capital goods, decreased by 0.7% for durable consumer goods, decreased by 1.3% for non-durable consumer goods.

The highest monthly increases were observed in Ireland (+5.7%), Denmark (+5.4%) and Poland (+3.5%). The largest decreases were recorded in Lithuania (-7.5%), Belgium (-6.2%) and Croatia (-3.9%).

In Latvia, industrial production decreased by 0.2%, while in Estonia it increased by 1.6%.