Belarus: Industrial production plummets to a near three-year low in May
June 17, 2019
Industrial production shrank 3.3% year-on-year in May, after April’s 2.1% expansion, owing to a deteriorating in the manufacturing, and mining and quarrying sectors. In addition, annual average growth in industrial output dropped to an over two-year-low of 2.4%, from 3.4% the previous month.FocusEconomics Consensus Forecast panelists project that industrial production will expand 3.8% this year, which is unchanged from last month’s projection. For 2020, panelists expect industrial production to rise 3.5%.
Author: Nicolás J. Aguilar, Economist