Belarus: Decline in industrial production worsens in July
August 17, 2015
In July, industrial output dropped 6.0% over the same month last year, according to the National Statistical Committee. The figure marked a deterioration over June’s 5.9% contraction. July’s reading reflected a more pronounced decline in mining and quarrying, while the pace of contraction softened in manufacturing. In addition, the production of electricity, gas, steam and air conditioning rose compared to June.
As a result, the trend continued to deteriorate. Average growth in industrial production fell from minus 1.2% in June to minus 1.6% in July.