Belarus Industrial production


Belarus: Decline in industrial production intensifies in August

September 17, 2015

In August, industrial output dropped 6.4% over the same month last year, according to the National Statistical Committee. The figure marked a deterioration over July’s 6.0% contraction and a three-month low. August’s reading reflected a more pronounced decline in manufacturing and a deterioration in the production of electricity, gas, steam and air conditions. In contrast, the pace of decline moderated in mining and quarrying compared to July.

As a result, the trend continued to deteriorate. Average growth in industrial production fell from minus 1.6% in July to minus 2.7% in August, which marked an over-one-year low.

FocusEconomics Consensus Forecast participants see industrial production contracting 4.6% in 2015, which is unchanged from last month’s Consensus. For 2016, panelists see industrial output growing 1.1%.

Author: Angela Bouzanis, Senior Economist

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Belarus Industrial production Chart

Belarus Industry August 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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