Industrial production in Lithuania increased 3.8 percent year-on-year in February of 2019, easing from a 5.8 percent rise in the prior month. This was the lowest gain in industrial activity since November last year, as manufacturing output expanded softer (4.3 percent vs 5.7 percent in January) while output of electricity, gas, steam & air conditioning supply fell (-0.5 percent vs 7.5 percent). On the other hand, production of mining & quarrying rose faster (26.7 percent vs 2.8 percent) while water supply, sewerage, waste management and remediation activities contracted less than in a month earlier (-0.1 percent vs -3.1 percent). On a seasonally adjusted monthly basis, industrial production went down 4.6 percent, after a 0.1 percent drop in January. Industrial Production in Lithuania averaged 3.94 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 5.40 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.