Belarus Industry June 2017

Belarus

Belarus: Industrial production growth moderates in June

July 17, 2017

Industrial production rose a solid 6.6% over the same month of the previous year in June, but came in lower than the notable 8.4% jump in May.

According to Belarus’ National Statistical Committee (BELSTAT), the biggest expansion was observed in the manufacturing sub-index, which in turn was driven by an upsurge in the production of machinery and equipment. In contrast, the production of transport vehicles and equipment fell in June. An increase was also observed in the electricity, gas, steam, hot water and conditioning supply sector, while mining and quarrying output recorded zero growth.

Despite a decline in the headline figure, annual average growth in industrial production climbed to an over four-year high, from 2.9% in May to 3.5% in June.

FocusEconomics Consensus Forecast participants see industrial production growing 2.3% in 2017, which is unchanged from last month’s Consensus. Our panelists also see industrial production increasing 2.3% in 2018.


Author:, Economist

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Belarus Industry June 2017 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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