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 .
Author: Almanas Stanapedis, Research Team Manager