Latest reading: Industrial output grew 0.3% compared to the same month of the previous year in May, which was a...
Industrial Production in Lithuania
The Lithuanian economy recorded an average industrial production growth rate of 4.4% 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 was the softest 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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Malaysia: Industrial output records slowest expansion since December 2023 in May -
Euro Area: Industrial output rebounds in May Latest reading: Industrial production expanded 1.7% month-on-month in seasonally adjusted terms in May (April: -2.2% mom s.a.). The improvement was... -
Hungary: Decline in industrial activity persists in May Latest reading: Industrial output decreased 2.4% year on year in May, matching April’s drop. While manufacturing output fell at a... -
Austria: Industrial output deteriorates in May Latest reading: Industrial output fell 0.7% in month-on-month seasonally adjusted terms in May, which was a worse than April’s 0.6%... -
Cyprus: Industrial output flatlines in May Latest reading: Industrial output was flat year on year in calendar-adjusted terms in May, which was a deterioration from April’s... -
Turkey: Industrial output rebounds in May Latest reading: Industrial output rose 3.2% in month-on-month seasonally adjusted terms in May, which contrasted April’s 3.1% decrease. Looking at... -
Greece: Industrial output dips in May Latest reading: Industrial output declined 0.4% in month-on-month seasonally adjusted terms in May, which contrasted April’s 0.5% increase. May’s reading...