Industry in Lithuania
Lithuania - Industry
Industrial output grows at fastest pace in 16 months in January
Industrial output jumped 7.2% in year-on-year terms in January, picking up from December’s 3.6% rise and marking the strongest increase since September 2019. Looking at the details of the release, manufacturing and energy supply output gained steam compared to December.
On a monthly basis, industrial output climbed 2.1% in seasonally-adjusted terms in January, following December’s 0.6% climb. Meanwhile, the trend continued to improve, with the annual average variation of industrial production coming in at minus 0.9%, up from December’s minus 1.9%.
FocusEconomics panelists project industrial production to increase 3.9% in 2021 and 3.3% in 2022.
Lithuania - Industry Data
|Industrial Production (annual variation in %)||4.4||2.9||6.9||4.9||3.4|
5 years of economic forecasts for more than 30 economic indicators.
Lithuania Industry Chart
Source: Statistics Lithuania and FocusEconomics calculations.
|Bond Yield||0.43||0.0 %||Dec 30|
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February 23, 2021
Industrial output jumped 7.2% in year-on-year terms in January, picking up from December’s 3.6% rise and marking the strongest increase since September 2019.
February 12, 2021
Consumer prices rose 0.49% from the previous month in January, contrasting the 0.03% fall in December.
January 29, 2021
GDP fell 1.2% year-on-year in the fourth quarter of 2020, according to preliminary data released by Statistics Lithuania on 29 January.
January 25, 2021
Industrial output jumped 3.6% in year-on-year terms in December, picking up from November’s 0.6% uptick and marking the strongest increase since September 2019.
January 12, 2021
Consumer prices fell 0.03% from the previous month in December, a smaller drop than November's 0.14% drop.