Industry in Lithuania
Lithuania - Industry
Industrial output records first contraction in nine months in June
Industrial output fell 1.0% in annual terms in June, contrasting May’s moderate 1.1% year-on-year increase. June’s reading marked the first contraction in industrial output since September 2018.
The contraction was chiefly driven by sliding mining and quarrying production, as well as by a dip in manufacturing output. In addition, water supply, sewerage, waste management and remediation activities recorded a mild drop in June. On a more positive note, output in the electricity, gas, steam and air conditioning supply sector grew solidly in the same month.
On a month-on-month basis, industrial output increased 1.8% in seasonally and working-day adjusted terms in June, rebounding from a soft 0.3% fall in the previous month. Meanwhile, annual average growth in industrial production ticked down from 4.9% in May to 4.5% in June.
Our panelists expect industrial production to expand 4.7% in 2019, down 0.8 percentage points from last month’s projection. For 2020, our panel expects output growth of 3.6%.
Lithuania - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 3.5 | 0.0 | 4.4 | 2.9 | 6.9 |
Lithuania Industry Chart
Source: Statistics Lithuania and FocusEconomics calculations.
Lithuania Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.55 | 0.0 % | Jul 31 |
| Stock Market | 695 | 0.45 % | Jul 31 |
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Industrial output fell 1.0% in annual terms in June, contrasting May’s moderate 1.1% year-on-year increase.
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