Lithuania Industry November 2018

Lithuania

Lithuania: Industrial production growth slows in November

December 21, 2018

Industrial output rose 2.9% year-on-year in November, down from October’s impressive 10.9% jump. November’s print reflected a moderate rise in manufacturing output which, coupled with healthy expansions in the electricity, gas, steam and air conditioning supply sector as well as in water supply, sewerage, waste management and remediation activities more than offset significantly lower mining and quarrying output.

On a month-on-month basis, industrial output fell 1.8 in seasonally and working-day adjusted terms in November, swinging from a strong 7.4% increase in the previous month. Meanwhile, annual average growth in industrial production moderated from 5.2% in October to an 18-month low of 4.7% in November.

Our panelists expect industrial production to expand 4.1% in 2019, unchanged from last month’s projection. For 2020, our panel projects output growth of 3.4%.


Author:, Economist

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Lithuania Industry November 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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