Industry in Belarus
Belarus - Industry
Industrial production growth slows in August
Industrial production decelerated in August, as output increased 4.3% year-on-year—an eight-month low—down from 5.7% in July. Meanwhile, annual average industrial production growth fell to 6.8% in August, from 7.0% in July.
Industrial output rose 7.1% annually in the January–August period (January–July: +7.5% year-on-year). The print was driven by sturdy growth in the manufacturing sector, which rose 7.4%, down slightly from the 8.1% uptick logged in the previous month. On par with the previous month’s result, the production of machinery and equipment; wood and paper; transport vehicles and equipment; and basic pharmaceuticals and medicinal products all expanded by double-digits in the period, leading the overall growth in the sector.
FocusEconomics Consensus Forecast panelists project that industrial production will expand 5.5% in 2018, which is up 0.6 percentage points from last month’s forecast. For 2019, panelists expect industrial production to rise 4.8%, up 0.2 percentage points from last month’s estiamte.
Belarus - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -4.9 | 2.0 | -6.6 | -0.4 | 6.1 |
Belarus Industry Chart
Source: National Statistical Committee of the Republic of Belarus (BELSTAT).
Belarus Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 2.10 | -0.36 % | Oct 22 |
| Stock Market | 0.1 | 0.0 % | Oct 22 |
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