Belarus Industry June 2020

Belarus

Belarus: Industrial output records quickest growth since December 2019 in June

July 16, 2020

Industrial output rose 0.9% year-on-year in June (May: -4.3% yoy). The print marked the strongest rise since December 2019. Manufacturing and water supply expanded somewhat. On the downside, the mining subsector contracted.

Moreover, the trend improved slightly, with the annual average variation of industrial production coming in at minus 0.6%, up from May's minus 0.8% reading.

FocusEconomics panelists project that industrial production will shrink 4.9% in 2020, which is up 0.8 percentage points from last month’s projection. In 2021, industrial output is seen increasing 1.7%.


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Belarus Industry June 20 20 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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