Belarus Industry January 2018

Belarus

Belarus: Industrial production growth accelerates to an over five-year high in January

February 16, 2018

Industrial production growth surged to 9.7% year-on-year in January, significantly above the 3.9% recorded in December, and the highest reading in over five years. In turn, annual average growth in industrial production rose to 6.4% in January from 6.1% in the previous month, also a five-year high.

The record growth came entirely on the back of a double-digit expansion in the manufacturing sector. Mining and quarrying output remained flat on an annual basis in January, whereas growth in the water supply, waste management and remediation activities, and the electricity, gas, steam, hot water and conditioning supply sectors slowed year-on year.

FocusEconomics Consensus Forecast panelists project that industrial production will expand 3.7% in 2018, which is up 0.2 percentage points from last month’s forecast. For 2019, panelists expect industrial production to rise 7%.


Author:, Economist

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Belarus Industry January 2018 1

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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