Lithuania Industry August 2021

Lithuania

Lithuania: Industrial output growth gains steam in August

September 23, 2021

Industrial output increased 18.1% year-on-year in August (July: +13.5% yoy). August's upturn came on the back of an improvement in manufacturing and mining and quarrying output.

Meanwhile, on a seasonally-adjusted monthly basis, factory output rebounded notably, rising 2.8% in August (July: -1.8% mom). Consecuently, the trend improved, with the annual average growth of industrial production coming in at plus 11.8% in August, up from July's 10.3% reading.

FocusEconomics panelists project industrial production to increase 11.9% in 2021, which is up 3.7 percentage points from last month’s forecast, and 3.9% in 2022.


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