Latest reading: Industrial output—excluding energy—recovered following three consecutive monthly declines in April, expanding 3.3% month on month in seasonally and...
Industrial Production in Lithuania
In the year 2024, the industrial production in Lithuania was 4.12%, compared to -0.25% in 2014 and -5.08% in 2023. It averaged 4.36% over the last decade. For more industry information, visit our dedicated page.
Lithuania Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Lithuania from 2024 to 2019.
Source: Macrobond.
Lithuania Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 0.2 | 20.4 | 6.3 | -5.1 | 4.1 |
Industrial output accelerates in December
Latest reading: Industrial output rose 5.9% in year-on-year terms in December, which followed November's 5.0% increase. The figure marked the best reading since July and was largely due to faster growth in manufacturing production. In contrast, mining and quarrying production lost steam. On a seasonally adjusted monthly basis, factory output rose at a more moderate pace of 2.2% in December (November: +3.9% mom). Meanwhile, annual average industrial production growth rose to 9.7% in December (November: +9.0%), which marked an over two-year high.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Lithuanian industry projections for the next ten years from a panel of 5 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Lithuanian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Lithuanian industry projections.
Want to get access to the full dataset of Lithuanian industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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Sweden: Industrial output rebounds sharply in April -
Argentina: Industrial output growth rises in April Latest reading: Industrial output expanded 8.5% compared to the same month of the previous year in April, which was above... -
France: Industrial activity drops at sharpest pace since May 2024 in April Latest reading: Industrial output fell 1.4% in month-on-month seasonally adjusted terms in April, which contrasted March’s 0.1% increase. April’s result... -
Germany: Industrial output returns to the doldrums in April Latest reading: Industrial production decreased 1.4% on a seasonally and calendar-adjusted month-on-month basis in April. The reading was a deterioration... -
Norway: Industrial production rebounds in April Latest reading: Industrial production returned to growth in April, expanding 2.1% month on month in seasonally adjusted terms (March: -0.4%... -
Norway: Industrial production rebounds in April Latest reading: Industrial production returned to growth in April, expanding 2.1% month on month in seasonally adjusted terms (March: -0.4%... -
Latvia: Industrial output rebounds in April Latest reading: Industrial output rose 1.9% in year-on-year terms in April, which contrasted March’s 2.5% decrease. Looking at the details...