Belarus Industry September 2022

Belarus

Belarus: Industrial output contracts again in September

October 17, 2022

Industrial output shrank by 2.1% year on year in September, up from August’s 9.4% contraction. September’s print marked the second consecutive improvement and the smallest decline since February. That said, the sector is still in poor shape compared the period prior to the Russia-Ukraine war.

Meanwhile, the trend pointed down, with annual average industrial production falling 9.9% in September (August: -9.5%).

FocusEconomics panelists project that industrial production will decrease 1.5% in 2023, which is up 3 percentage points from last month’s projection. In 2024, industrial output is seen increasing 3.5%.


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Belarus Industry September 2022

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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