Industry in Lithuania
Lithuania - Industry
Industrial production rebounds with vigour in October
Industrial output rose 10.9% year-on-year in October, rebounding from September’s 2.5% contraction. October’s print marked the strongest expansion since August 2017 and came on the back of a double-digit increase in manufacturing production. Coupled with higher electricity, gas, steam and air conditioning supply, this more than offset lower mining and quarrying output.
On a month-on-month basis, industrial output rose 7.4% in seasonally and working-day adjusted terms in October, compared to a 3.1% drop in September. Meanwhile, annual average growth edged up to 5.2% in October, from 5.0% in the previous month.
Our panelists expect industrial production to expand 4.1% in 2019, unchanged from last month’s projection. For 2020, our panel projects 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||1.20||0.0 %||Dec 11|
|Stock Market||630||0.45 %||Dec 11|
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November 30, 2018
According to detailed data released by the Statistical Institute on 30 November, the economy expanded 2.4% in annual terms in the third quarter (previously reported: +2.2% year-on-year), down from the second quarter’s 3.8% year-on-year increase.
November 23, 2018
Industrial output rose 10.9% year-on-year in October, rebounding from September’s 2.5% contraction.
November 9, 2018
Consumer prices rose 0.6% from the previous month in October, down from September’s 1.3% month-on-month increase.
October 30, 2018
According to a flash estimate released by the Statistical Institute on 30 October, Lithuanian GDP rose 2.2% in annual terms in the third quarter, down significantly from the second quarter’s 3.8% year-on-year increase.
October 23, 2018
Industrial output fell 2.5% year-on-year in September, swinging from a healthy 3.8% expansion in August (previously reported: +3.5% year-on-year).