Belarus Industry May 2020

Belarus

Belarus: Industrial output decreases in May

June 17, 2020

Industrial production declined 4.3% year-on-year in May (April: -7.1% yoy). Manufacturing output, supply of electricity and supply of water all remained in the red. On the upside, mining and quarrying output grew marginally.

Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 0.8% in May, down from April's minus 0.7% reading.

FocusEconomics panelists project that industrial production will shrink -5.7% in 2020, which is up 0.1 percentage points from last month’s projection. In 2021, industrial output is seen increasing 0.8%.


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Belarus Industry May 20 20

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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