Belarus Industry April 2022

Belarus

Belarus: Industrial output contracts at sharpest pace on record in April

May 17, 2022

Industrial output contracted 10.6% year-on-year in April (March: -6.4% yoy). The result marked the worst result since current records began. The notable downturn was primarily driven by a noticeable decline in manufacturing.



Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at minus 2.1%, down from March’s 1.9%.

FocusEconomics panelists project that industrial production will decrease -8.9% in 2022, which is down 0.2 percentage points from last month’s projection. In 2023, industrial output is seen increasing 0.8%.


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Belarus Industry April 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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