Industrial production in Lithuania increased 0.8 percent year-on-year in May of 2019, easing from a 13.8 percent rise in the prior month. It was the weakest growth in industrial output since September last year, as output expanded softer for: manufacturing (0.6 percent vs 14 percent in April); water supply, sewerage, waste management and remediation activities (2.2 percent vs 3.9 percent), and electricity, gas, steam & air conditioning supply (4.3 percent vs 12.2 percent) while output of mining & quarrying fell (-0.6 percent vs 6.3 percent). On a seasonally adjusted monthly basis, industrial production went down 0.3 percent, after an upwardly revised 0.6 percent fall in April. Industrial Production in Lithuania averaged 3.99 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 5.34 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.