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Belarus Industrial production January 2023

Belarus: Industrial output contracts at sharper rate in January

Industrial output shrank by 4.1% year on year in January, down from December’s 3.2% contraction. The downturn intensified for the second consecutive month, suggesting that industrial activity is far from recovering from the fallout of the Russia-Ukraine war.

Meanwhile, the trend deteriorated, with annual average industrial production falling 12.0% in January (December: -11.2%).

FocusEconomics panelists project that industrial production will decrease 1.8% in 2023, which is unchanged from last month’s projection. In 2024, industrial output is seen increasing 3.3%.

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