Industrial production in Lithuania increased 4.9 percent year-on-year in December of 2018, accelerating from an upwardly revised 3.3 percent rise in the prior month. Output expanded faster for manufacturing (3.3 percent vs 3.2 percent in November); electricity, gas, steam & air conditioning supply (18.8 percent vs 6.7 percent), and water supply (9.0 percent vs 4.6 percent). Meanwhile, production continued to decline for mining & quarrying (-15.2 percent vs -14.1 percent). Year-to-date, industrial production grew 5.1 percent over a year ago. On a seasonally adjusted monthly basis, industrial production went up 1.2 percent, after a downwardly revised 1.3 percent fall in November. Industrial Production in Lithuania averaged 3.91 percent from 1999 until 2018, 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.