Belarus Industry November 2020


Belarus: Industrial output expands at fastest pace since December 2019 in November

December 16, 2020

Industrial production expanded 4.3% in November (October: +4.2% yoy). November's print marked the best result since December 2019.

Meanwhile, the trend improved modestly, with the annual average variation of industrial production coming in at minus 0.3% in November, up from October's minus 0.5% reading.

FocusEconomics panelists project that industrial production will increase 1.3% in 2021, which is up 1.6 percentage points from last month’s projection. In 2022, industrial output is seen increasing 2.7%.


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Belarus Industry Chart

Belarus Industry November 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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