Belarus Industry July 2021

Belarus

Belarus: Industrial output records slowest expansion since December 2020 in July

August 17, 2021

Industrial production increased 2.7% year-on-year in July (June: +6.9% yoy). The outturn marked the worst reading since December 2020. In detail, manufacturing output increased at a softer rate , while both mining and quarrying and utilities subsectors were buoyant. Underlying dynamics remained weak as sequential data for manufacturing and utilities deteriorated.

Meanwhile, annual average industrial production growth rose to 6.2% in July (June: +6.0%), signaling an improving trend in the industrial sector.

FocusEconomics panelists project that industrial production will increase 3.3% in 2021, which is up 0.6 percentage points from last month’s projection. In 2022, industrial output is seen increasing 3.8%.


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Belarus Industry July 2021 7

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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