Lithuania Industry August 2022


Lithuania: Industrial output growth rises in August

September 23, 2022

Industrial production rose 15.2% year on year in August (July: +8.7% yoy). August's figure was partly driven by faster growth in manufacturing output. In contrast, mining and quarrying output fell heavily.

On a seasonally-adjusted monthly basis, factory output rose at a softer pace of 3.1% in August (July: +9.2% mom). Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 4.5% in August, down from July's 5.8%.

FocusEconomics panelists project industrial production to increase 7.6% in 2021, which is up 0.8 percentage points from last month’s forecast, and 1.7% in 2022.


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Lithuania Industry Chart

Lithuania Industry August 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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