Lithuania Industry November 2020

Lithuania

Lithuania: Industrial output growth speeds up in November

December 23, 2020

Industrial output expanded 0.9% in year-on-year terms in November, which was above October's 0.4% increase. Looking at the details of the release, manufacturing output grew at a slightly slower rate in November, while mining and quarrying output gathered steam.

On a monthly basis, industrial output increased 1.3% in seasonally-adjusted terms in November, which was notably better than October’s 1.0% fall. Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 1.7% in November, up from October's minus 1.8%.

FocusEconomics panelists project industrial production to increase 3.9% in 2021, which is up 0.1 percentage points from last month’s projection. For 2022, our panel forecasts industrial output growth of 3.5%.


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Lithuania Industry November 20 20

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


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