Belarus Industry November 2021

Belarus

Belarus: Industrial output rebounds in November

December 16, 2021

Industrial output increased 2.7% compared to the same month of the previous year in November, which contrasted October's 0.1% decrease. Among growing sectors, mining and quarrying and electricity production recorded healthy growth, with the latter also recording double digit growth in sequential terms. Contrastingly, manufacturing output remained with relatively slow growth in the same month.

Meanwhile, annual average industrial production growth fell to 6.1% in November (October: +6.2%), signaling a worsening trend in the industrial sector.

FocusEconomics panelists project that industrial production will decrease 0.4% in 2022, which is down 1.3 percentage points from last month’s projection. In 2023, industrial output is seen increasing 2.8%.


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Belarus Industry November 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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