Belarus: Industrial output notches best reading since March 2012 in April
May 17, 2021
Industrial output grew 16.4% in year-on-year terms in April, significantly up from March’s 11.0% increase, amid a favorable base effect. April's print marked the strongest rise since March 2012. The uptick was broad-based, with the manufacturing sub-sector leading the rise. Notably, manufacturing of chemicals was up significantly, while coke and refined petroleum output ebbed markedly in the month.
Meanwhile, the trend improved, with the annual average growth of industrial production coming in at an over two-year high of plus 4.2%, up from March's plus 2.3%.
This year, the industrial sector should remain in positive territory amid robust manufacturing output and a favorable base effect that will last until May.
Author: Frederico Teixeira de Abreu, Junior Economist