Lithuania Industry September 2020


Lithuania: Industrial output records best reading since September 2019 in September

October 23, 2020

Industrial output expanded 2.4% compared to the same month a year earlier in September, which was above August's 0.8% increase.

September's result marked the strongest increase since September 2019. The reading reflected a broad-based upturn, with activity in the manufacturing, mining and quarrying and electricity, gas, steam and air conditioning sub-sectors all improving in September.

On a seasonally-adjusted monthly basis, industrial production fell 0.4% in September (August: +2.3% mom), the worst result since April. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 1.9% in September, down from August's minus 1.4%.

FocusEconomics panelists project industrial production to fall 5.0% in 2020, which is up 1.3 percentage points from last month’s projection. For 2021, our panel forecasts industrial output growth of 4.2%.


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Lithuania Industry Chart

Lithuania Industry September 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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