Industry in Lithuania
Lithuania - Industry
Industrial production growth dips in August
Industrial production rose 3.5% year-on-year in August, down markedly from July’s 7.0% jump (previously reported: +6.0% year-on-year). The slowdown was broad-based: Manufacturing output growth eased significantly in August, although remained solid, while mining and quarrying output swung to negative territory in the month, following a moderate expansion in July. In addition, the water supply, sewerage, waste management and remediation activities sector continued to deteriorate in August, while growth in the electricity, gas, steam and air conditioning supply moderated in the same month.
On a month-on-month basis, industrial output increased 1.4% in working-day adjusted terms in August, doubling from July’s 0.7% uptick (previously reported: -0.3% month-on-month). Meanwhile, annual average growth in industrial production ticked down to 5.6% in August from 6.3% in July.
Our panelists expect industrial production to expand 5.0% in 2018, down 0.2 percentage points from last month’s projection. For 2019, they see output growth of 4.1%, unchanged from last month’s forecast.
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||1.20||0.0 %||Oct 18|
|Stock Market||669||0.45 %||Oct 18|
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October 17, 2018
Consumer prices increased 1.3% from the previous month in September, marking the strongest rise in nearly 10 years (August: -0.4% month-on-month).
September 21, 2018
Industrial production rose 3.5% year-on-year in August, down markedly from July’s 7.0% jump (previously reported: +6.0% year-on-year).
September 11, 2018
Consumer prices fell 0.4% from the previous month in August, marking the second consecutive monthly decline (July: -0.5% month-on-month).
August 31, 2018
According to detailed data released by the Statistical Institute on 31 August, the economy expanded 3.8% in annual terms in the second quarter (previously reported: +3.7% year-on-year), a notch above the first quarter’s 3.7%.
August 23, 2018
Industrial production surged 6.0% year-on-year in July, picking up pace from June’s 2.6% increase.