Belarus Industry August 2020


Belarus: Industrial output deteriorates in August

September 15, 2020

Industrial output slid 0.1% year-on-year in August (July: +1.1% yoy). The print marks the worst reading since May 2020.

Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 0.9% in August, down from July's minus 0.8% reading.

FocusEconomics panelists project that industrial production will shrink 5.1% in 2020, which is down 0.2 percentage points from last month’s projection. In 2021, industrial output is seen increasing 0.9%.


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Belarus Industry Chart

Belarus Industry August 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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