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.
Author: Nihad Ahmed, Economist