Lithuania Industry May 2019

Lithuania

Lithuania: Industrial output growth slows to year-to-date low In May

June 24, 2019

Industrial output ticked up 1.1% in May, decelerating sharply from April’s robust 16.5% year-on-year surge. May’s reading marked the weakest expansion since December 2018.

The deceleration was chiefly driven by a contraction in the mining a quarrying sector, as well as by a marked slowdown in manufacturing output growth. Furthermore, both the electricity, gas, steam and air conditioning supply sector and water supply, sewerage, waste management and remediation activities lost some traction in May.

On a month-on-month basis, industrial output contracted 0.3% in seasonally and working-day adjusted terms in May, unchanged from the previous month´s reading. Meanwhile, annual average growth in industrial production ticked down from 5.3% in April, to 4.9% in May.

Our panelists expect industrial production to expand 5.5% in 2019, unchanged from last month’s projection. For 2020, our panel expects output growth of 3.7%.


Author:, Economist

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