Belarus Industrial production

Belarus

Belarus: Decline in industrial production intensifies in September

October 16, 2015

In September, industrial output dropped 7.1% over the same month last year, according to the National Statistical Committee. The figure marked a deterioration over August’s 6.4% contraction and a four-month low. September’s reading reflected a more pronounced decline in manufacturing and a deterioration in the production of electricity, gas, steam and air conditioning. In contrast, the pace of decline in mining and quarrying moderated compared to August.

As a result, the trend continued to deteriorate. Average growth in industrial production fell from minus 2.7% in August to minus 4.0% in September, which marked an almost year-and-a-half low.

FocusEconomics Consensus Forecast participants see industrial production contracting 4.8% in 2015, which is down 0.2 percentage points from last month’s Consensus. For 2016, panelists see industrial output growing 1.0%, which is down 0.1 percentage points from last month’s forecast.


Author: Angela Bouzanis, Senior Economist

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Belarus Industrial production Chart


Belarus Industry September 2015

Note: Year-on-year changes of working-day adjusted and annual average variation of industrial production index in %.
Source: National Statistical Committee of the Republic of Belarus (BELSTAT).


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