Lithuania Industry June 2021

Lithuania

Lithuania: Industrial output growth slows in June

July 23, 2021

Industrial output rose 20.7% year-on-year in June (May: +26.2% yoy). The notable slowdown came on the back of decelerating output in manufacturing and electricity, gas, steam and air conditioning..

On a seasonally-adjusted monthly basis, factory output fell 0.2% in June (May: +7.2% mom). Meanwhile, the trend improved notably, with the annual average growth of industrial production coming in at 9.0%, up from May's 7.1% reading.

FocusEconomics panelists project industrial production to increase 8.5% in 2021, which is up 1.6 percentage points from last month’s forecast, and 4.2% in 2022.


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Lithuania Industry June 2021 0

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


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