Industry in Lithuania

Lithuania Industry | Economic News & Forecasts

Lithuania - Industry

Industrial production growth falls in March

Industrial output rose 2.6% year-on-year in March, down from the 6.0% rise in February. The deceleration was broad-based, largely reflecting weaker output growth in the manufacturing as well as mining and quarrying sectors. Furthermore, March marked yet another contraction in the electricity, gas, steam and air conditioning supply sector.

On a month-on-month basis, industrial output rose 3.4% in seasonally and working-day adjusted terms in March, compared to a 4.6% contraction in the previous month. Meanwhile, annual average growth in industrial production fell from 4.9% in February to 4.4% in March.

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 Yield1.000.0 %May 13
Stock Market6880.45 %May 13

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