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: Almanas Stanapedis, Research Team Manager