Belarus Industry July 2018


Belarus: Industrial production picks up pace in July

August 16, 2018

Industrial production growth accelerated slightly in July, as output increased 5.7% year-on-year, up from a five-month low of 5.3% in June. Meanwhile, annual average industrial production growth remained unchanged from the previous month and stood at 7.0% in July.

Industrial output rose 7.5% annually in the January–July period (January–June: +7.8% year-on-year). The print was driven by solid growth in the manufacturing sector, which expanded 8.1%, down slightly from the 8.6% increase logged in the previous month. Production of machinery and equipment; wood and paper; transport vehicles and equipment; and basic pharmaceuticals and medicinal products all expanded by double-digits in the period, leading the overall growth in the sector.

Growth in gas, steam, hot water and air conditioning supply picked up pace in July, while mining and quarrying output moderated somewhat in the month. Finally, the water supply and waste management sector’s output growth remained nearly flat in July.

Belarus Industrial Production Forecast

FocusEconomics Consensus Forecast panelists project that industrial production will expand 5.5% in 2018, which is up 0.2 percentage points from last month’s forecast. For 2019, panelists expect industrial production to rise 4.8%.

Author:, Research Team Manager

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Belarus Industry Chart

Belarus Industry July 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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