Industry in Belarus
Belarus - Industry
Industrial production plummets to a near three-year low in May
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%.
Belarus - Industry Data
|Industrial Production (annual variation in %)||-4.9||2.0||-6.6||-0.4||6.1|
5 years of economic forecasts for more than 30 economic indicators.
Belarus Industry Chart
Source: National Statistical Committee of the Republic of Belarus (BELSTAT).
|Exchange Rate||2.05||-0.36 %||Jun 20|
|Stock Market||0.1||0.0 %||Jun 20|
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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.
June 10, 2019
Consumer prices rose 0.3% in May, following flat growth in April, largely reflecting higher prices for non-food goods and services. Inflation accelerated to 6.2% in May (April: 5.5%), moving further above the Central Bank’s 5.0% target.
May 17, 2019
Industrial production grew 2.1% year-on-year in April, accelerating from March’s 0.9% result, owing to stronger production in the manufacturing, and mining and quarrying sectors.
May 13, 2019
Consumer prices were stable over the previous month in April (March: +0.4% month-on-month), with lower prices for services offsetting higher prices for food and non-food goods.
May 3, 2019
At its 3 May meeting, the National Bank of the Republic of Belarus (NBRB) left the refinancing rate unchanged at an over decade-low 10.0%, in line with analysts’ expectations.