Industry in Lithuania
Lithuania - Industry
Industrial output growth gains steam in March
Industrial output increased 25.8% in year-on-year terms in March, which was above February's 19.9% increase. March's notable upturn was largely due to pickups in manufacturing and electricity, gas, steam and air conditioning production.
On a monthly basis, industrial output grew 11.3% in seasonally-adjusted terms in March, rebounding from February’s 4.2% fall and marking the best result since June 2012. Meanwhile, the trend improved sizably, with the annual average growth of industrial production coming in at 22.6%, up from February's 21.9% reading.
FocusEconomics panelists project industrial production to increase 6.6% in 2021, which is down 0.6 percentage points from last month’s forecast, and 3.1% in 2022.
Lithuania - Industry Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 4.4 | 2.9 | 6.9 | 4.9 | 3.4 |
Lithuania Industry Chart
Source: Statistics Lithuania and FocusEconomics calculations.
Lithuania Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.43 | 0.0 % | Dec 30 |
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Economic News
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Lithuania: Economic growth moderates at the outset of the year
April 29, 2022
GDP rose 4.4% year-on-year in the first quarter of 2021, according to preliminary data.
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Lithuania: Industrial output growth gains steam in March
April 22, 2022
Industrial output increased 25.8% in year-on-year terms in March, which was above February's 19.9% increase.
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Lithuania: Inflation comes in at highest level since October 1996 in March
April 8, 2022
Consumer prices increased 2.35% over the previous month in March, accelerating from the 1.80% rise logged in February.
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Lithuania: Industrial output slows slightly in February
March 23, 2022
Industrial output increased 21.0% compared to the same month a year earlier in February, following January´s 24.2% increase.
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Lithuania: Inflation comes in at highest level since November 1996 in February
March 8, 2022
Consumer prices increased 1.80% in February over the previous month, slowing down from January's 2.17% rise.
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