Lithuania Industry December 2020

Lithuania

Lithuania: Industrial output grows at fastest pace in 15 months in December

January 25, 2021

Industrial output jumped 3.6% in year-on-year terms in December, picking up from November’s 0.6% uptick and marking the strongest increase since September 2019. Looking at the details of the release, manufacturing output gained steam compared to November while the energy supply sector rebounded back to growth.

On a monthly basis, industrial output climbed 0.6% in seasonally-adjusted terms in December, slightly above November’s 0.4% rise. Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 1.5%, up from November’s minus 1.8%.

FocusEconomics panelists project industrial production to increase 3.9% in 2021 and 3.5% in 2022.


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Lithuania Industry December 20 20

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


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