Lithuania Industry October 2018

Lithuania

Lithuania: Industrial production rebounds with vigour in October

November 23, 2018

Industrial output rose 10.9% year-on-year in October, rebounding from September’s 2.5% contraction. October’s print marked the strongest expansion since August 2017 and came on the back of a double-digit increase in manufacturing production. Coupled with higher electricity, gas, steam and air conditioning supply, this more than offset lower mining and quarrying output.

On a month-on-month basis, industrial output rose 7.4% in seasonally and working-day adjusted terms in October, compared to a 3.1% drop in September. Meanwhile, annual average growth edged up to 5.2% in October, from 5.0% in the previous month.

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 October 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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