Belarus Industry May 2018

Belarus

Belarus: Industrial production decelerates further in May

June 19, 2018

Industrial production growth dropped to 6.3% year-on-year in May, a year-to-date low, from 7.0% in the previous month. Meanwhile, annual average industrial production growth ticked down from 7.2% in April to 7.1%.

Industrial output rose 8.3% in annual terms in the January–May period. Strong growth was led by a robust 9.5% expansion in the manufacturing sector, which overshadowed more moderate growth in the other sectors. Driving the overall expansion in manufacturing were the production of machinery and equipment; transport vehicles and equipment; coke and refined petroleum products; and basic pharmaceuticals and medicinal products, all of which rose by double-digits year-on-year in the .

FocusEconomics Consensus Forecast panelists project that industrial production will expand 4.8% in 2018, which is up 0.5 percentage points from last month’s forecast. For 2019, panelists expect industrial production to rise 3.8%.


Author:, Economist

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Belarus Industry May 2018 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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