Industrial production in Lithuania rose 2.1 percent year-on-year in August 2020, after a 2.2 percent drop in the prior month. It was the first increase in industrial production since last November, amid the coronavirus pandemic. On a seasonally adjusted monthly basis, industrial production increased 2.3 percent, the most since May, after a 2.0 percent rise in July.
Industrial Production in Lithuania averaged 3.68 percent from 1999 until 2020, reaching an all time high of 40 percent in February of 2003 and a record low of -26.10 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 September of 2020.
Industrial Production in Lithuania is expected to be -3.00 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 3.80 in 12 months time. In the long-term, the Lithuania Industrial Production is projected to trend around 4.00 percent in 2021 and 3.80 percent in 2022, according to our econometric models.