Belarus: Industrial production in October contracts for the 10th consecutive month
November 17, 2015
In October, industrial output dropped 7.1% over the same month last year, according to the National Statistical Committee. The figure matched September’s reading and marked the 10th month of decline in a row. October’s reading reflected a more pronounced decline in mining and quarrying than in the previous month, which was partly offset by an improvement in the production of electricity, gas, steam and air conditioning.
Despite October’s stabilization, the trend continued to decrease. Average growth in industrial production fell from minus 4.0% in September to minus 5.2% in October, which marked a 20-month low.