Belarus Industrial production


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.

FocusEconomics Consensus Forecast participants see industrial production contracting 4.8% in 2015, which is unchanged from last month’s Consensus. For 2016, panelists see industrial output growing 0.3%, which is down 0.7 percentage points from last month’s forecast.

Author: Angela Bouzanis, Senior Economist

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Belarus Industrial production Chart

Belarus Industry October 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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