Belarus Industry October 2020


Belarus: Industrial output grows at fastest pace since December 2019 in October

November 17, 2020

Industrial output rose 4.2% compared to the same month of the previous year in October, which followed September's 1.4% increase. October's reading marked the strongest expansion since December 2019. In cumulative terms, in the year to October industrial production was down 1.2% on lower mining and energy output.

Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 0.5%, up from September's minus 0.9%.

FocusEconomics panelists project that industrial production will shrink 0.3% in 2021, which is down 1.4 percentage points from last month’s projection. In 2022, industrial output is seen increasing 3.0%.


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Belarus Industry Chart

Belarus Industry October 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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