Belarus Industrial production

Belarus

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.

FocusEconomics Consensus Forecast participants see industrial production contracting 3.5% in 2015, which is unchanged from last month’s Consensus. For 2016, panelists see industrial output growing 0.5%.


Author: Angela Bouzanis, Senior Economist

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Belarus Industrial production Chart


Belarus Industry July 2015 0

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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