Lithuania Industry June 2022

Lithuania

Lithuania: Industrial output records lowest growth since November 2020 in June

July 25, 2022

Industrial production grew 0.7% year on year in June (May: +7.5% yoy). June's outturn marked the worst reading since November 2020. June's figure was largely due to a deterioration in manufacturing output, as it expanded at the slowest pace since June 2020. In addition, mining and quarrying output contracted heavily.

On a seasonally-adjusted monthly basis, industrial output fell at a more moderate rate of 1.8% in June (May: -7.4% mom). Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 18.5% in June, down from May's 20.3%.

FocusEconomics panelists project industrial production to increase 6.8% in 2021, which is down 1.4 percentage points from last month’s forecast, and 2.5% in 2022.


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Lithuania Industry June 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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