Industry in Lithuania

Lithuania Industry | Economic News & Forecasts

Lithuania - Industry

Industrial production rebounds with vigour in October

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%.

Lithuania - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)3.2  0.1  4.9  2.8  6.9  

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Lithuania Industry Chart

Lithuania Industry
Note: Annual variation of industrial production in %.
Source: Statistics Lithuania and FocusEconomics calculations.

Lithuania Facts

Bond Yield1.200.0 %Dec 11
Stock Market6300.45 %Dec 11

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