Lithuania Industry January 2018


Lithuania: Industrial production growth accelerates in January

February 23, 2018

Industrial production in Lithuania jumped 7.5% in January on an annual basis, notably up from December’s revised 4.8% growth (previously reported: +5.3% year-on-year). Strong and sustained momentum in the mining and quarrying, and manufacturing sectors were mostly behind the acceleration in industrial production growth in January; nevertheless, growth was reported across all industrial production sub-components in the month.

On a monthly basis, industrial production fell 1.1% in seasonally- and calendar-adjusted terms (December: -2.6% month-on-month). In turn, annual average growth deteriorated slightly in January, dropping to 6.7%, compared to the revised 6.9% (previously reported: +7.2%) figure in December.

Lithuania Industrial Production Forecast

Analysts surveyed by FocusEconomics expect industrial production to expand 5.0% in 2018, which is up 0.1 percentage points from last month’s projection. For 2019, the panel expects industrial output growth of 4.1%.

Author:, Research Team Manager

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Lithuania Industry Chart

Lithuania Industry January 2018

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

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