Industry in Lithuania

Lithuania Industry | Economic News & Forecasts

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

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)4.4  2.9  6.9  4.9  3.4  

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Lithuania Industry Chart

Lithuania Industry
Note: Annual variation of industrial production in %.
Source: Statistics Lithuania and FocusEconomics calculations.

Lithuania Facts

Value Change Date
Bond Yield0.430.0 %Dec 30

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