Lithuania Industry April 2022

Lithuania

Lithuania: Industrial output records slowest growth since August 2021 in April

May 23, 2022

Industrial output increased 18.4% compared to the same month of the previous year in April, which followed March's 27.4% increase. April's figure marked the lowest reading since August 2021. April's downturn came on the back of easing manufacturing and electricity, gas, steam and air conditioning output.

On a seasonally-adjusted monthly basis, industrial production plummettedplummeted 7.1% in April (March: +12.4% mom), the worst result since April 2020. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 21.9% in April, down from March's 22.7%.

FocusEconomics panelists project industrial production to increase 6.1% in 2021, which is down 0.5 percentage points from last month’s forecast, and 2.9% in 2022.


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Lithuania Industry April 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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