Skyline in Lithuania

Lithuania Industrial production December 2023

Lithuania: Industrial activity drops at sharpest rate since July in December

Industrial output declined 7.4% in year-on-year terms in December, which was a larger contraction than November’s 3.5% decrease. December’s figure marked the worst reading since July. The reading was primarily driven by a sharp drop in manufacturing output. In addition, electricity, gas, steam and air conditioning output contracted heavily.

On a seasonally adjusted monthly basis, industrial production fell at a quicker rate of 1.5% in December (November: -1.3% mom). Meanwhile, the trend improved significantly, with the annual average variation of industrial production coming in at minus 13.9% in December, up from November’s minus 16.1% reading.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest