Lithuania Industry October 2021

Lithuania

Lithuania: Industrial output growth picks up pace in October

November 23, 2021

Industrial output grew 20.5% in year-on-year terms in October, which was above September's 19.4% increase. October's upturn came on the back of an upturn in manufacturing and electricity, gas, steam and air conditioning production.

On a monthly basis, industrial production grew 0.6% in seasonally-adjusted terms in October, which was significantly below September’s 5.0% expansion. Meanwhile, annual average industrial production growth rose to 14.8% in October (September: +13.1%), signaling an improving trend in the industrial sector.

FocusEconomics panelists project industrial production to increase 5.3% in 2021, which is up 0.5 percentage points from last month’s forecast, and 3.5% in 2022.


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Lithuania Industry October 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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