Belarus Industry October 2018


Belarus: Industrial output growth slows to a 20-month low in October

November 16, 2018

Industrial production growth decelerated markedly in October, falling to 2.8% year-on-year from 4.4% in September—the lowest reading since February 2017. Meanwhile, annual average industrial production growth fell to 6.2% in October, from 6.6% in the previous month.

Industrial production rose 6.4% year-on-year in the January–October period (January–September: +6.8% year-on-year). Higher output came largely on the back of solid growth in the manufacturing sector, which rose 6.4% in annual terms, down from the 6.9% increase logged in the previous month. In addition, electricity, gas, steam, hot water and air conditioning supply increased 7.3% year-on-year in the same period.

Belarus Industrial Production Forecast

FocusEconomics Consensus Forecast panelists project that industrial production will expand 4.8% in 2019, which is down 0.2 percentage points from last month’s projection. For 2020, panelists expect industrial production to rise 4.0%.

Author:, Research Team Manager

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Belarus Industry Chart

Belarus Industry October 2018 0

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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