Industry in Lithuania
Lithuania - Industry
Industrial production rebounds with vigour in October
Industrial output rose 10.9% year-on-year in October, rebounding from September’s 2.5% contraction. October’s print marked the strongest expansion since August 2017 and came on the back of a double-digit increase in manufacturing production. Coupled with higher electricity, gas, steam and air conditioning supply, this more than offset lower mining and quarrying output.
On a month-on-month basis, industrial output rose 7.4% in seasonally and working-day adjusted terms in October, compared to a 3.1% drop in September. Meanwhile, annual average growth edged up to 5.2% in October, from 5.0% in the previous month.
Our panelists expect industrial production to expand 4.1% in 2019, unchanged from last month’s projection. For 2020, our panel projects 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 |
Lithuania Industry Chart
Source: Statistics Lithuania and FocusEconomics calculations.
Lithuania Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.20 | 0.0 % | Dec 11 |
| Stock Market | 630 | 0.45 % | Dec 11 |
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Economic News
Lithuania: Second estimate confirms a marked deceleration in growth in Q3
November 30, 2018
According to detailed data released by the Statistical Institute on 30 November, the economy expanded 2.4% in annual terms in the third quarter (previously reported: +2.2% year-on-year), down from the second quarter’s 3.8% year-on-year increase.
Lithuania: Industrial production rebounds with vigour in October
November 23, 2018
Industrial output rose 10.9% year-on-year in October, rebounding from September’s 2.5% contraction.
Lithuania: Inflation accelerates in October
November 9, 2018
Consumer prices rose 0.6% from the previous month in October, down from September’s 1.3% month-on-month increase.
Lithuania: Growth loses pace in Q3
October 30, 2018
According to a flash estimate released by the Statistical Institute on 30 October, Lithuanian GDP rose 2.2% in annual terms in the third quarter, down significantly from the second quarter’s 3.8% year-on-year increase.
Lithuania: Industrial production contracts for the first time in nearly two years in September
October 23, 2018
Industrial output fell 2.5% year-on-year in September, swinging from a healthy 3.8% expansion in August (previously reported: +3.5% year-on-year).
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