Lithuania Industry


Industrial output growth accelerates in March

In March, industrial production expanded 9.0% over the same month last year, which was well above the 1.3% increase observed in February. The acceleration was mainly driven by stronger growth in manufacturing as well as by a rebound in electricity, gas and steam.

On a monthly basis, industrial production rose 2.0% over the previous period in seasonally adjusted terms, which contrasted the 3.7% decline tallied in February. As a result of the faster annual increase, the trend points upwards, with annual average growth in industrial production edging up from 4.2% in February to 4.5% in March.

FocusEconomics Consensus Forecast panellists expect industrial production to expand 4.6% this year, which is up 0.3 percentage points over last month's estimate. For 2014, the panel anticipates industrial production to increase 6.5%.


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Lithuania Industry Chart

Lithuania Industry March 2013

Note: Year-on-year changes and annual average growth of industrial production index in %.
Source: Statistics Lithuania and FocusEconomics calculations.

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