Industry in Lithuania
Lithuania - Industry
Industrial output records first contraction in nine months in June
Industrial output fell 1.0% in annual terms in June, contrasting May’s moderate 1.1% year-on-year increase. June’s reading marked the first contraction in industrial output since September 2018.
The contraction was chiefly driven by sliding mining and quarrying production, as well as by a dip in manufacturing output. In addition, water supply, sewerage, waste management and remediation activities recorded a mild drop in June. On a more positive note, output in the electricity, gas, steam and air conditioning supply sector grew solidly in the same month.
On a month-on-month basis, industrial output increased 1.8% in seasonally and working-day adjusted terms in June, rebounding from a soft 0.3% fall in the previous month. Meanwhile, annual average growth in industrial production ticked down from 4.9% in May to 4.5% in June.
Our panelists expect industrial production to expand 4.7% in 2019, down 0.8 percentage points from last month’s projection. For 2020, our panel expects output growth of 3.6%.
Lithuania - Industry Data
|Industrial Production (annual variation in %)||3.5||0.0||4.4||2.9||6.9|
5 years of economic forecasts for more than 30 economic indicators.
Lithuania Industry Chart
Source: Statistics Lithuania and FocusEconomics calculations.
|Bond Yield||0.55||0.0 %||Jul 31|
|Stock Market||695||0.45 %||Jul 31|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
August 9, 2019
Consumer prices fell 0.3% month-on-month in July, following a milder 0.2% drop in June, and marking the strongest contraction so far this year. A breakdown of the sub-components provided by Statistics Lithuania showed that just 2 of the total 12 sub-components saw a fall in prices, led by considerably lower prices for clothing and footwear, which more than offset higher prices for recreation and culture; hotels, cafés and restaurants; and food.
July 30, 2019
Robust growth carried over into the second quarter of the year, according to preliminary national accounts data released by Lithuania’s Statistical Institute on 30 July.
July 23, 2019
Industrial output fell 1.0% in annual terms in June, contrasting May’s moderate 1.1% year-on-year increase.
July 9, 2019
Consumer prices fell 0.2% in June, contrasting May’s 0.2 increase and marking the first contraction since December 2018.
June 24, 2019
Industrial output ticked up 1.1% in May, decelerating sharply from April’s robust 16.5% year-on-year surge.