Lithuania Industry February 2021

Lithuania

Lithuania: Industrial output growth eases in February

March 23, 2021

Industrial output rose 5.2% in year-on-year terms in February, slowing from January’s 7.7% rise. Looking at the details of the release, manufacturing and energy supply output lost pace compared to the month prior.

On a monthly basis, industrial output rose 2.4% in seasonally-adjusted terms in February, matching January’s figure. Meanwhile, the trend continued to improve, with the annual average variation of industrial production coming in at minus 0.6%, up from January’s minus 0.8%.

FocusEconomics panelists project industrial production to increase 4.4% in 2021, which is up 0.5 percentage points from last month’s forecast, and 3.6% in 2022.


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Lithuania Industry February 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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