Lithuania Industry March 2022

Lithuania

Lithuania: Industrial output growth gains steam in March

April 22, 2022

Industrial output increased 25.8% in year-on-year terms in March, which was above February's 19.9% increase. March's notable upturn was largely due to pickups in manufacturing and electricity, gas, steam and air conditioning production.

On a monthly basis, industrial output grew 11.3% in seasonally-adjusted terms in March, rebounding from February’s 4.2% fall and marking the best result since June 2012. Meanwhile, the trend improved sizably, with the annual average growth of industrial production coming in at 22.6%, up from February's 21.9% reading.

FocusEconomics panelists project industrial production to increase 6.6% in 2021, which is down 0.6 percentage points from last month’s forecast, and 3.1% in 2022.


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Lithuania Industry March 2022

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


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