Belarus Industry March 2021

Belarus

Belarus: Industrial output grows at fastest pace since June 2012 in March

April 16, 2021

Industrial output increased 11.0% compared to the same month a year earlier in March, which was above February's 8.1% increase. The print marked the best result since June 2012. In cumulative terms from January to March, growth was mostly driven by the manufacturing sector. Moreover, electricity production was robust.

Meanwhile, annual average industrial production growth rose to 2.3% in March (February: +1.2% yoy). This signals an improving trend in the industrial sector.

FocusEconomics panelists project that industrial production will increase 1.9% in 2021, which is up 0.7 percentage points from last month’s projection. In 2022, industrial output is seen increasing 3.3%.


Author:, Junior Economist

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Belarus Industry March 2021

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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