Belarus Industry December 2019

Belarus

Belarus: Industrial production picks up steam in December

January 17, 2020

Industrial production jumped 4.3% on an annual basis in December, accelerating from the 1.7% increase logged in November.

December’s print marked the strongest increase since September 2018 and was chiefly driven by robust output growth in the all-important manufacturing sector. Furthermore, the water supply sector continued to expand at a healthy clip, and mining and quarrying activity rebounded from November’s contraction. On a less positive note, contraction in the utilities supply sector deepened in December, weighing on the headline figure.

Lastly, annual average growth in industrial production ticked up to 1.0% in December, from 0.8% in November.

FocusEconomics panelists project that industrial production will expand 2.4% in 2020, which is down 0.3 percentage points from last month’s projection, and 2.2% in 2021.


Author:, Economist

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Belarus Industry December 2019 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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