Industrial production in Lithuania fell 6.2 percent year-on-year in May 2020, following an upwardly revised 12.1 percent drop in the prior month. It was the sixth straight month of increase in industrial production. On a seasonally adjusted monthly basis, industrial production surged 6.9 percent, the largest increase since May 2018, after an upwardly revised 9.3 percent slump in April.

Industrial Production in Lithuania averaged 3.74 percent from 1999 until 2020, reaching an all time high of 40 percent in February of 2003 and a record low of -26.10 percent in April of 2009. This page provides the latest reported value for - Lithuania Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Lithuania Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.

Industrial Production in Lithuania is expected to be -22.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Lithuania to stand at 1.50 in 12 months time. In the long-term, the Lithuania Industrial Production is projected to trend around 4.00 percent in 2021 and 3.80 percent in 2022, according to our econometric models.

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Lithuania Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-6.20 -12.20 40.00 -26.10 1999 - 2020 percent Monthly
WDA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-23 07:00 AM Feb 0.1% -4.9% -4.2%
2020-04-23 06:00 AM Mar -1.5% 0.9% -5%
2020-05-22 06:00 AM Apr -11.4% -1.4% -11%
2020-06-23 06:00 AM May -6.2% -12.2% -16%
2020-07-23 06:00 AM Jun -6.2% -22.5%
2020-08-21 06:00 AM Jul
2020-09-23 06:00 AM Aug
2020-10-23 06:00 AM Sep -13%


News Stream
Lithuania Industrial Output Falls for 1st Time since 2016
Industrial production in Lithuania tumbled 2 percent year-on-year in October 2019, following a downwardly revised 7.5 percent jump in the prior month. This was the first decline in industrial activity since June 2016, as output shrank for manufacturing (-1.9 percent vs 7.5 percent in September), electricity, gas, steam & air conditioning supply (-3.4 percent vs 10.2 percent), and mining & quarrying (-1.8 percent vs -0.5 percent). In addition, water supply, sewerage, waste management and remediation activities went up at softer pace (0.6 percent vs 3.1 percent). On a seasonally adjusted monthly basis, industrial production dropped 2.3 percent, after a revised 2.1 percent rise in September.
2019-11-22
Lithuania Industrial Output Rises the Most in 5 Months
Industrial production in Lithuania surged 7.8 percent year-on-year in September of 2019, following a revised 0.3 percent rise in the prior month. This was the strongest growth in industrial production since April, as production expanded faster for both manufacturing (7.6 percent vs 0.1 percent in August) and electricity, gas, steam & air conditioning supply (12.5 percent vs 7.3 percent), while water supply, sewerage, waste management and remediation activities went up by 2.9 percent, after showing no growth in August. In addition, output shrank softer for mining & quarrying (-0.5 percent vs -10.5 percent). On a seasonally adjusted monthly basis, industrial production increased 2.4 percent, after a downwardly revised 1.6 percent fall in August.
2019-10-23
Lithuania Industrial Output Falls for 1st Time in 3 Years
Industrial production in Lithuania dropped 0.4 percent year-on-year in August of 2019, following a downwardly revised 4.5 percent rise in the prior month. This was the first decline in industrial production since June 2016, as manufacturing output shrank (-0.8 percent vs 4.2 percent in July) and output of mining & quarrying fell faster (-12.6 percent vs -6.2 percent). In addition, both of output growth of electricity, gas, steam & air conditioning supply (9.0 percent vs 12.7 percent), and water supply, sewerage, waste management and remediation activities (0.1 percent vs 21.0 percent) slowed. On a seasonally adjusted monthly basis, industrial production went down 2.5 percent, after a downwardly revised 0.6 percent gain in July.
2019-09-23
Lithuania Industrial Output Rises the Most in 3 Months
Industrial production in Lithuania increased 5.2 percent year-on-year in July of 2019, following an upwardly revised 2.2 percent rise in the prior month. This was the strongest growth rate in industrial production since April, as output expanded faster for: manufacturing (4.7 percent vs 2.1 percent in June); electricity, gas, steam & air conditioning supply (15.9 percent vs 6.9 percent), and water supply, sewerage, waste management and remediation activities (20.5 percent vs 1.1 percent). In addition, output of mining & quarrying fell less than a month earlier (-6.5 percent vs -8.7 percent). On a seasonally adjusted monthly basis, industrial production went up 1.2 percent, after an upwardly revised 2.3 percent gain in June.
2019-08-23

Lithuania Industrial Production
In Lithuania, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.