Industry in Lithuania

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Lithuania - Industry

Industrial output growth moderates amid less favorable base effect in July

Industrial output increased 13.0% in year-on-year terms in July, moderating from June's 21.2% increase. July's result came amid a less favorable base effect and was largely driven by slower growth in manufacturing and mining and quarrying output.

On a monthly basis, industrial output dropped 2.0% in seasonally-adjusted terms in July, contrasting June’s 0.1% uptick and marking the worst result since April 2020. Meanwhile, the trend improved, with the annual average growth of industrial production coming in at plus 10.2% in July, up from June's 9.0% reading.

FocusEconomics panelists project industrial production to increase 8.5% in 2021, which is up 1.6 percentage points from last month’s forecast, and 4.2% 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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