Belarus Industry November 2022

Belarus

Belarus: Industrial output contracts again in November

November 16, 2022

Industrial output shrank by 2.6% year on year in November, up from October’s 4.1% contraction. November’s print marked the tenth consecutive decrease and indicates that the industrial sector is still suffering from the fallout of the Russia-Ukraine war.

Meanwhile, the trend worsened, with annual average industrial production falling 10.2% in November (October: -9.9%).

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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Belarus Industry November 2022 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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