Belarus Industry April 2018

Belarus

Belarus: Industrial production growth slows further in April

May 16, 2018

Industrial production growth moderated further in April, falling from 7.6% in March to 7.0% at the beginning of the second quarter. Meanwhile, annual average industrial production growth edged down from 7.4% to 7.2%.

Industrial output rose 8.8% in annual terms in the January–April period. Healthy growth came on the back of a robust 10.2% expansion in the manufacturing sector, which overshadowed more moderate growth in the other sectors. Leading the overall expansion in manufacturing were production of machinery and equipment; coke and refined petroleum products; transport vehicles and equipment; and basic pharmaceuticals, all of which rose over 15.0% year-on-year in the period.

Meanwhile, electricity, gas, steam, hot water and air conditioning supply grew 4.4% in the January–April period, while mining and quarrying output expanded more modestly.

Belarus Industrial Production Forecast


FocusEconomics Consensus Forecast panelists project that industrial production will expand 4.3% in 2018, which is up 0.1 percentage points from last month’s forecast. For 2019, panelists expect industrial production to rise 3.2%.


Author:, Economist

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Belarus Industry Chart


Belarus Industry April 2018 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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