Latest reading: Industrial output declined 1.2% month-on-month in seasonally adjusted terms in July (June: +2.1% mom). The result marked the...
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 eases in July
Latest reading: Industrial output grew 1.8% compared to the same month a year earlier in July, which was a deterioration from June's 4.9% increase. The weakening was driven by a deterioration in manufacturing output growth. In contrast, mining and quarrying production improved. On a seasonally adjusted monthly basis, industrial production fell at a more moderate pace of 1.8% in July (June: -2.7% mom s.a.). Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at an over one-year low of 4.0% in July, down from June's 6.6%.
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 6 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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