Industrial production in Lithuania increased 5.1 percent year-on-year in March of 2019, accelerating from a 3.8 percent rise in the prior month. Manufacturing output expanded faster (7.0 percent vs 4.3 percent in February) while output of water supply, sewerage, waste management and remediation activities rebounded (2.4 percent vs -0.1 percent). Meanwhile, production of mining & quarrying grew softer (24 percent vs 26.7 percent). On the other hand, electricity, gas, steam & air conditioning supply continued to drop (-11.1 percent vs -0.5 percent). On a seasonally adjusted monthly basis, industrial production went up 3.4 percent, after a 4.6 percent drop in February. 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.