Latest reading: Manufacturing output grew 1.9% compared to the same month a year earlier in May, matching April’s increase. Looking...
Industrial Production in Lithuania
The Lithuanian economy recorded an average industrial production growth rate of -0.3% in the decade to 2024. In 2024, industrial production growth was 4.1%. 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 growth eases in May
Latest reading: Industrial output increased 1.9% compared to the same month of the previous year in May, which followed April's 2.5% increase. May's figure marked the worst reading since June 2024 and was partly due to weaker manufacturing production growth, which expanded at the slowest pace since June 2024. In addition, mining and quarrying production deteriorated. On a monthly basis, factory output rose 1.7% in seasonally adjusted terms in May, rebounding from April’s 3.1% fall. Meanwhile, annual average industrial production growth fell to 5.0% in May (April: +5.7%). This signals a worsening trend in the industrial sector.
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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Thailand: Manufacturing activity growth stable in May -
Russia: Industrial output growth rises but remains mild in May Latest reading: Industrial production rose 1.8% year on year in May, improving from April’s 1.5% expansion but continuing to undershoot... -
Poland: Industrial output improves in May Latest reading: Industrial production increased 3.9% year on year in May (April: +1.2% yoy), marking the best reading since October... -
Taiwan: Industrial output growth remains buoyant in May Latest reading: Industrial production grew 22.6% year on year in May (April: +23.7% yoy), well above market expectations, driven chiefly... -
Lithuania: Industrial output growth eases in May Latest reading: Industrial output increased 1.9% compared to the same month of the previous year in May, which followed April’s... -
Belarus: Industrial output growth falls to an over two-year low in May Latest reading: Industrial production growth eased to 1.1% year on year in May (April: +1.4% yoy), marking the weakest reading... -
Kazakhstan: Industrial output loses momentum in May Latest reading: Industrial output grew 5.8% compared to the same month a year earlier in May, which was a deterioration...