Industrial production in Lithuania shrank 0.5 percent year-on-year in September of 2018, after an upwardly revised 3.2 percent rise in the previous month. It was the first decrease in industrial activity since June 2016,as output fell for: mining & quarrying (-6.6 percent vs -7.8 percent in August); manufacturing (-0.2 percent vs 4.3 percent) and electricity, gas, steam & air conditioning supply (-6.1 percent vs -11.4 percent). In contrast, the water supply, sewerage & waste management sector continued to grow (5.7 percent vs 4.2 percent). Considering the January to September period of 2018, industrial activity advanced 4.4 percent over a year earlier. On a seasonally adjusted monthly basis, industrial production tumbled 3.3 percent, compared to an upwardly revised 1.5 percent gain in August. Industrial Production in Lithuania averaged 3.89 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 6.50 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 5.50 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.