Vilnius - Industrial production (IP) in Lithuania nosedived by more than 15 per cent in February, according to official figures released Monday by the national statistics office.
EU member Lithuania is the biggest of the three Baltic states with the largest industrial sector. However, its industrial muscle appears to be withering in the face of the global economic downturn according to data from Statistics Lithuania showing industrial production fell by 15.3 per cent year-on-year in February.
January's figures showed a contraction by 5.6 per cent.