Belarus Industry December 2017


Belarus: Annual growth in industrial production slows in December

January 23, 2018

In December, growth in the industrial sector slowed considerably from the previous month: Industrial production expanded 3.9% over the same month of 2016, down from November’s 6.3% year-on-year growth. Annual average growth in industrial production inched down to 6.1% in December, marginally below November’s 6.2%.

The manufacturing sector’s strong pace of expansion was sustained, but mining and quarrying output grew at a slightly faster clip. Moreover, the water supply, waste management and remediation activities sector also contributed to December’s print, expanding for the first time in the year, albeit at a very weak rate. However, these gains were more than offset by a slowdown in the electricity, gas, steam, hot water and conditioning supply sector.  

FocusEconomics Consensus Forecast panelists project that industrial production will expand 3.5% in 2018, which is up 0.3 percentage points from last month’s forecast. For 2019, panelists expect industrial production to rise 3.1%.


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Belarus Industry Chart

Belarus Industry December 2017 1

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) and FocusEconomics calculations.

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