Belarus Industry July 2020

Belarus

Belarus: Industrial output growth accelerates in July

August 17, 2020

Industrial output grew 1.1% year-on-year in July (June: +0.9% yoy). The figure marked the best result since December 2019.

Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 0.8% in July, down from June's minus 0.6% reading.

FocusEconomics panelists project that industrial production will shrink 4.9% in 2020, which is up 0.8 percentage points from last month’s projection. In 2021, industrial output is seen increasing 1.7%.


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Belarus Industry July 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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