Latest reading: Manufacturing output flatlined month on month in seasonally adjusted terms in June, which followed May’s 2.2% increase. Looking...
Industrial Production in Lithuania
The Lithuanian economy recorded an average industrial production growth rate of 4.4% in the decade to 2024. In 2024, industrial production growth was 4.1%. For more industry information, visit our dedicated page.
Lithuania Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Lithuania from 2024 to 2019.
Source: Macrobond.
Lithuania Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 0.2 | 20.4 | 6.3 | -5.1 | 4.1 |
Industrial output growth rises in June
Latest reading: Industrial output increased 4.3% year on year in June (May: +0.9% yoy). June's reading was driven by faster growth in manufacturing output. In addition, mining and quarrying output fell at a more moderate rate. On a seasonally adjusted monthly basis, industrial output fell 2.7% in June (May: +0.9% mom s.a.). Meanwhile, annual average industrial production growth rose to 6.6% in June (May: +4.9%). This signals an improving trend in the industrial sector.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Lithuanian industry projections for the next ten years from a panel of 5 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Lithuanian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Lithuanian industry projections.
Want to get access to the full dataset of Lithuanian industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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South Africa: Manufacturing production flatlines in June -
Sweden: Industrial output clocks quickest growth since August 2020 in June Latest reading: Industrial output—excluding energy—expanded 6.7% in seasonally and calendar-adjusted month on month terms in June, which contrasted May’s 1.3%... -
Argentina: Industrial output expands at fastest pace since May 2022 in June Latest reading: Industrial output rose 9.3% compared to the same month a year earlier in June, which followed May’s 6.0%... -
Norway: Decline in industrial activity softens in June Latest reading: Industrial production declined 0.1% month on month in seasonally adjusted terms in June (May: -0.5% mom s.a.). Looking... -
Vietnam: Industrial output decelerates in July Latest reading: Industrial output decelerated to 8.5% on an annual basis in July from June’s 10.8% increase, marking the worst... -
Denmark: Manufacturing production rebounds in June Latest reading: Manufacturing output increased 2.7% month on month in seasonally adjusted terms in June (May: -0.3% mom s.a.). Looking... -
Croatia: Industrial output growth picks up pace in June Latest reading: Industrial production increased 2.1% year on year in working-day adjusted terms in June (May: +1.8% yoy). The improvement...