Belarus Industry October 2021

Belarus

Belarus: Industrial activity falls at sharpest rate since December 2020 in October

November 17, 2021

Industrial production slid 0.1% year-on-year in October (September: +2.3% yoy). October's result marked the worst reading since December 2020. Falling manufacturing output was behind the fall, as mining and energy production increased.

Meanwhile, annual average industrial production growth fell to 6.2% in October (September: +6.6%), signaling a worsening trend in the industrial sector.

FocusEconomics panelists project that industrial production will increase 0.9% in 2022, which is down 2.6 percentage points from last month’s projection. In 2023, industrial output is seen increasing 3.7%.


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Belarus Industry October 2021

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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