Belarus Industry April 2017

Belarus

Belarus: Growth in industrial production in April surges to over four-year high

May 9, 2017

Industrial production in April rose 8.7% over the same month last year (March: +6.7% year-on-year), which was the highest reading since June 2012. According to the National Statistical Committee (BELSTAT), the expansion was broad-based as all three categories that compose the index increased in March, with the electricity sector recording the largest gains.



As a result of April’s strong print, annual average growth in industrial production increased from 1.8% in March to 2.2% in April, marking the best figure since March 2013.

FocusEconomics Consensus Forecast participants see industrial production growing 1.2% in 2017, which is unchanged from last month’s Consensus. For 2018, panelists see industrial production increasing 2.3%.


Author:, Economist

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Belarus Industry April 2017 0

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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