Industrial production in Lithuania rose 1% year-on-year in October 2022, from an upwardly revised 3.6% gain in the previous month. It was the smallest increase in production since June as output growth slowed sharply for electricity, gas, steam and air conditioning supply (21% vs 40.4%). At the same time, output declined for mining & quarrying (-0.1% vs 8.9%), manufacturing (-0.4% vs 1.5%), and water supply, sewerage & waste management (-0.9% vs -6.1%). Considering January to October, industrial production advanced 12.5% over a year earlier. On a seasonally adjusted monthly basis, industrial production tumbled 1.1%, compared to 7.2% fall in September. source: Statistics Lithuania
Industrial Production in Lithuania averaged 4.68 percent from 1999 until 2022, reaching an all time high of 38.10 percent in February of 2003 and a record low of -26.00 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 December of 2022.
Industrial Production in Lithuania is expected to be 3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Lithuania Industrial Production is projected to trend around 2.90 percent in 2023 and 3.80 percent in 2024, according to our econometric models.