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.