Belarus Industry January 2021


Belarus: Industrial output records quickest growth since February 2018 in January

February 16, 2021

Industrial production expanded 8.5% year-on-year in January (December: -0.7% yoy). The print marked the best result since February 2018. The uptick came on a favorable base effect, amid higher manufacturing and energy output.

Meanwhile, the trend improved notably, with the annual average variation of industrial production coming in at plus 0.5% in January, contrasting December's minus 0.7%.

FocusEconomics panelists project that industrial production will increase 1.2% in 2021, which is up 0.2 percentage points from last month’s projection. In 2022, industrial output is seen increasing 2.9%.


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Belarus Industry Chart

Belarus Industry January 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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