Belarus Industry November 2016

Belarus

Belarus: Industrial production shoots up in November

December 16, 2016

Belarus - Industrial production in November expanded 5.1% over the same month last year, up from October’s 0.3% figure and marking the fastest growth in two years. According to the National Statistical Committee (BELSTAT), the expansion was driven by strong growth in the manufacturing sector and the electricity, gas, steam, hot water and conditioning supply sector, while the mining and quarrying sector was constant year on year.

Annual average growth in industrial production jumped from minus 1.9% in October to minus 0.9% in November, the best figure since May 2015.

FocusEconomics Consensus Forecast participants see industrial production growing 0.6% in 2017, which is unchanged from last month’s Consensus. For 2018, panelists see industrial production increasing 1.9%.


Author:, Economist

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Belarus Industry November 2016

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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