Lithuania Industry February 2022

Lithuania

Lithuania: Industrial output slows slightly in February

March 23, 2022

Industrial output increased 21.0% compared to the same month a year earlier in February, following January´s 24.2% increase. Looking at the details of the release, February´s slowdown was mainly due to more moderate growth across all sub-sectors.

On a seasonally-adjusted monthly basis, industrial production fell 3.8% in February, sharply contrasting January´s: 1.8% increase. Meanwhile, annual average industrial production growth rose to 22.0% in February (January: +20.7%). This signals an improving trend in the industrial sector.

FocusEconomics panelists project industrial production to increase 5.7% in 2021, which is down 0.7 percentage points from last month’s forecast, and 3.5% in 2022.


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Lithuania Industry February 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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