Belarus Industry January 2022

Belarus

Belarus: Industrial output grows at quickest pace since May 2021 in January

February 16, 2022

Industrial output expanded 7.2% year-on-year in January (December: +4.3% yoy). The result marked the best result since May 2021. The notable upturn was primarily driven by a pickup in manufacturing and mining and quarrying production.

Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 6.4%, down from December's 6.5%.

FocusEconomics panelists project that industrial production will decrease 0.8% in 2022, which is up 1.9 percentage points from last month’s projection. In 2023, industrial output is seen increasing 2.7%.


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Belarus Industry January 2022

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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