Belarus Industry March 2016

Belarus

Belarus: Contraction in industrial production softens in March

April 19, 2016

In March, industrial production fell 2.0% over the same month last year, marking an improvement compared to the 3.9% contraction recorded in February. According to the National Statistical Committee (BELSTAT), mining swung to contraction in March, while sharp contractions were recorded in manufacturing as well as in electricity, gas, and steam and water collection and treatment.

Meanwhile, annual average growth in industrial production went up from minus 6.5% in February to minus 5.8% in March.

FocusEconomics Consensus Forecast participants see industrial production contracting 0.8% in 2016, which is down 0.5 percentage points from last month’s Consensus. For 2017, panelists see industrial output growing 1.3%.


Author: Jean-Philippe Pourcelot, Economist

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Belarus Industry March 2016

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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