Industry in Lithuania

Lithuania Industry | Economic News & Forecasts

Lithuania - Industry

Industrial output records first contraction in nine months in June

Industrial output fell 1.0% in annual terms in June, contrasting May’s moderate 1.1% year-on-year increase. June’s reading marked the first contraction in industrial output since September 2018.

The contraction was chiefly driven by sliding mining and quarrying production, as well as by a dip in manufacturing output. In addition, water supply, sewerage, waste management and remediation activities recorded a mild drop in June. On a more positive note, output in the electricity, gas, steam and air conditioning supply sector grew solidly in the same month.

On a month-on-month basis, industrial output increased 1.8% in seasonally and working-day adjusted terms in June, rebounding from a soft 0.3% fall in the previous month. Meanwhile, annual average growth in industrial production ticked down from 4.9% in May to 4.5% in June.

Our panelists expect industrial production to expand 4.7% in 2019, down 0.8 percentage points from last month’s projection. For 2020, our panel expects output growth of 3.6%.

Lithuania - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)3.5  0.0  4.4  2.9  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 Yield0.550.0 %Jul 31
Stock Market6950.45 %Jul 31

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