Belarus: Industrial production expands for the first time in 16 months
May 20, 2016
In April, industrial production expanded 2.9% over the same month last year, contrasting the 2.0% contraction tallied in March. April’s print marks the first expansion in industrial production since December 2014, putting an end to a streak of 15 consecutive contractions According to the National Statistical Committee (BELSTAT), the reading came on the back of an expansion in manufacturing that more than offset a contraction in the three remaining components of the index.
Meanwhile, annual average growth in industrial production jumped from minus 5.8% in March to minus 4.9% in April.