Belarus Industry May 2019

Belarus

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:, Economist

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Belarus Industry May 2019

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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