Industry in Lithuania
Lithuania - Industry
Industrial production growth accelerates in January
Industrial output rose 5.3% year-on-year in January, up from the 1.0% rise in December, largely reflecting healthy output growth in the manufacturing sector. This, coupled with robust growth in the electricity, gas, steam and air conditioning supply sector and a rebound in mining and quarrying production, more than offset a contraction in water supply, sewage, waste management and remediation activities.
On a month-on-month basis, industrial output contracted 0.1% in seasonally and working-day adjusted terms in January, compared to a 1.2% increase in the previous month. Meanwhile, annual average growth in industrial production edged up to 4.9% in January, from 4.8% in the previous month, which had marked an 18-month low.
Our panelists expect industrial production to expand 4.1% in 2019, unchanged from last month’s projection. For 2020, our panel expects output growth of 3.4%.
Lithuania - Industry Data
|Industrial Production (annual variation in %)||3.2||0.1||4.9||2.8||6.9|
5 years of economic forecasts for more than 30 economic indicators.
Lithuania Industry Chart
Source: Statistics Lithuania and FocusEconomics calculations.
|Bond Yield||1.15||0.0 %||Feb 20|
|Stock Market||643||0.45 %||Feb 20|
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February 21, 2019
Industrial output rose 5.3% year-on-year in January, up from the 1.0% rise in December, largely reflecting healthy output growth in the manufacturing sector.
February 15, 2019
Consumer prices increased 0.2% from the previous month in January, compared to a 0.6% month-on-month drop in December.
January 30, 2019
According to preliminary data released by the Statistical Institute on 30 January, the economy expanded 3.9% in annual terms in the fourth quarter last year, up from the third quarter’s 2.6% year-on-year increase (previously reported: +2.4% year-on-year).
January 23, 2019
Industrial output rose 1.0% year-on-year in December, down from 3.4% in November and marking the lowest reading in the fourth quarter.
January 10, 2019
Consumer prices dipped 0.6% from the previous month in December, compared to a 0.1% month-on-month drop in November.