Industry in Lithuania

Lithuania Industry | Economic News & Forecasts

Lithuania - Industry

Industrial output growth gains steam in March

Industrial output increased 25.8% in year-on-year terms in March, which was above February's 19.9% increase. March's notable upturn was largely due to pickups in manufacturing and electricity, gas, steam and air conditioning production.

On a monthly basis, industrial output grew 11.3% in seasonally-adjusted terms in March, rebounding from February’s 4.2% fall and marking the best result since June 2012. Meanwhile, the trend improved sizably, with the annual average growth of industrial production coming in at 22.6%, up from February's 21.9% reading.

FocusEconomics panelists project industrial production to increase 6.6% in 2021, which is down 0.6 percentage points from last month’s forecast, and 3.1% in 2022.

Lithuania - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)4.4  2.9  6.9  4.9  3.4  

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Lithuania Industry Chart

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

Lithuania Facts

Value Change Date
Bond Yield0.430.0 %Dec 30

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