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. Industrial Production in Lithuania averaged 3.97 percent from 1999 until 2019, reaching an all time high of 40 percent in February of 2003 and a record low of -26.10 percent in April of 2009.
Industrial Production in Lithuania is expected to be 5.50 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 5.20 in 12 months time. In the long-term, the Lithuania Industrial Production is projected to trend around 3.90 percent in 2020, according to our econometric models.