Industry in Lithuania
Lithuania - Industry
Industrial output growth surges to near six-year high in April
Industrial output soared 16.5% in annual terms in April, picking up markedly from a 2.6% year-on-year increase in March and marking the highest reading in nearly six years. The acceleration largely reflected significantly more robust output growth in the manufacturing sector, partly thanks to higher manufacture of refined petroleum products. This, coupled with a strong rebound in the electricity, gas, steam and air conditioning supply sector, more than offset softer mining and quarrying output growth.
On a month-on-month basis, industrial output contracted 0.3% in seasonally and working-day adjusted terms in April, compared to a 3.4% increase in the previous month. Meanwhile, annual average growth in industrial production edged up to a five-month high of 5.2% in April, from to 4.2% in March.
Lithuania Industrial Production Forecast
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
|Industrial Production (annual variation in %)||3.2||0.1||4.9||2.8||6.9|
5 years of economic forecasts for more than 30 economic indicators.
Lithuania Industry Chart
Source: Statistics Lithuania and Met the why particular calculations.
|Bond Yield||0.75||0.0 %||Jun 13|
|Stock Market||672||0.45 %||Jun 13|
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May 31, 2019
Growth gained some traction at the beginning of the year, according to detailed national accounts data released by Lithuania’s Statistical Institute on 31 May.
May 23, 2019
Industrial output soared 16.5% in annual terms in April, picking up markedly from a 2.6% year-on-year increase in March and marking the highest reading in nearly six years.
May 11, 2019
Consumer prices rose 0.8% from the previous month in April, broadly unchanged from a March’s 0.9% increase.
April 30, 2019
Growth inched up to 3.9% in annual terms in the first quarter of the year (Q4 2018: +3.8% year-on-year), according to preliminary data released by the Statistical Institute on 30 April.
April 23, 2019
Industrial output rose 2.6% year-on-year in March, down from the 6.0% rise in February.