Belarus Industry August 2022

Belarus

Belarus: Industrial output contracts further in August

September 16, 2022

Industrial output shrank by 9.4% compared to the same month of the previous year in August, slightly up from July’s 12.2% contraction. August’s reading marked the smallest contraction since March, however, the sector is still in shambles compared to the pre-war period.

Meanwhile, the trend pointed down, with annual average industrial production growth falling to 9.5% in August (July: 8.2%).

FocusEconomics panelists project that industrial production will decrease 12.0% in 2022, which is down 3 percentage points from last month’s projection. In 2023, industrial output is seen increasing 4.5%.


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Belarus Industry August 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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