Lithuania Industry January 2021

Lithuania

Lithuania: Industrial output grows at fastest pace in 16 months in January

February 23, 2021

Industrial output jumped 7.2% in year-on-year terms in January, picking up from December’s 3.6% rise and marking the strongest increase since September 2019. Looking at the details of the release, manufacturing and energy supply output gained steam compared to December.

On a monthly basis, industrial output climbed 2.1% in seasonally-adjusted terms in January, following December’s 0.6% climb. Meanwhile, the trend continued to improve, with the annual average variation of industrial production coming in at minus 0.9%, up from December’s minus 1.9%.

FocusEconomics panelists project industrial production to increase 3.9% in 2021 and 3.3% in 2022.


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Lithuania Industry January 2021

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


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