Industry in Lithuania
Lithuania - Industry
Industrial output grows at fastest pace in 16 months in January
Industrial output jumped 7.2% in year-on-year terms in January, picking up from December’s 3.6% rise and marking the strongest increase since September 2019. Looking at the details of the release, manufacturing and energy supply output gained steam compared to December.
On a monthly basis, industrial output climbed 2.1% in seasonally-adjusted terms in January, following December’s 0.6% climb. Meanwhile, the trend continued to improve, with the annual average variation of industrial production coming in at minus 0.9%, up from December’s minus 1.9%.
FocusEconomics panelists project industrial production to increase 3.9% in 2021 and 3.3% 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: Industrial output grows at fastest pace in 16 months in January
February 23, 2021
Industrial output jumped 7.2% in year-on-year terms in January, picking up from December’s 3.6% rise and marking the strongest increase since September 2019.
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Lithuania: Inflation ticks up in January
February 12, 2021
Consumer prices rose 0.49% from the previous month in January, contrasting the 0.03% fall in December.
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Lithuania: GDP swings back to contraction in Q4 2020 amid second lockdown
January 29, 2021
GDP fell 1.2% year-on-year in the fourth quarter of 2020, according to preliminary data released by Statistics Lithuania on 29 January.
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Lithuania: Industrial output grows at fastest pace in 15 months in December
January 25, 2021
Industrial output jumped 3.6% in year-on-year terms in December, picking up from November’s 0.6% uptick and marking the strongest increase since September 2019.
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Lithuania: Inflation plunges to lowest level since December 2015 in December
January 12, 2021
Consumer prices fell 0.03% from the previous month in December, a smaller drop than November's 0.14% drop.
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