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
| 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 | 2.05 | -0.36 % | Jun 20 |
| Stock Market | 0.1 | 0.0 % | Jun 20 |
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Economic News
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.
Belarus: Inflation speeds up in May
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.
Belarus: Industrial production gathers momentum in April
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.
Belarus: Inflation recedes in April
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.
Belarus: Central Bank stays put in May
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.
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