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: Almanas Stanapedis, Research Team Manager