Industry in Lithuania

Lithuania Industry | Economic News & Forecasts

Lithuania - Industry

Industrial production growth accelerates in January

Industrial output rose 5.3% year-on-year in January, up from the 1.0% rise in December, largely reflecting healthy output growth in the manufacturing sector. This, coupled with robust growth in the electricity, gas, steam and air conditioning supply sector and a rebound in mining and quarrying production, more than offset a contraction in water supply, sewage, waste management and remediation activities.

On a month-on-month basis, industrial output contracted 0.1% in seasonally and working-day adjusted terms in January, compared to a 1.2% increase in the previous month. Meanwhile, annual average growth in industrial production edged up to 4.9% in January, from 4.8% in the previous month, which had marked an 18-month low.

Our panelists expect industrial production to expand 4.1% in 2019, unchanged from last month’s projection. For 2020, our panel expects output growth of 3.4%.

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 Yield1.150.0 %Feb 20
Stock Market6430.45 %Feb 20

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