Belarus Industry August 2021

Belarus

Belarus: Industrial output growth rises in August

September 16, 2021

Industrial production expanded 3.7% year-on-year in August (July: +2.7% yoy). Among the fastest growing sub-sectors, manufacturing performed well, with surging output in wood and paper, printing and reproduction of recorded media as well as for transport vehicles and equipment. Meanwhile, mining and quarrying and water supply also grew considerably.

Meanwhile, the trend improved slightly, with the annual average growth of industrial production coming in at plus 6.5% in August, up from July's 6.2%.

FocusEconomics panelists project that industrial production will increase 3.1% in 2021, which is down 0.2 percentage points from last month’s projection. In 2022, industrial output is seen increasing 3.8%.


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Belarus Industry August 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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