Industry in Lithuania

Lithuania Industry | Economic News & Forecasts

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

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)3.2  0.1  4.9  2.8  6.9  

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Lithuania Industry Chart

Lithuania Industry
Note: Annual variation of industrial production in %.
Source: Statistics Lithuania and FocusEconomics calculations.

Lithuania Facts

Bond Yield1.200.0 %Oct 18
Stock Market6690.45 %Oct 18

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