Industry in Belarus

Belarus Industry | Economic News & Forecasts

Belarus - Industry

Industrial output records slowest expansion since December 2020 in July

Industrial production increased 2.7% year-on-year in July (June: +6.9% yoy). The outturn marked the worst reading since December 2020. In detail, manufacturing output increased at a softer rate , while both mining and quarrying and utilities subsectors were buoyant. Underlying dynamics remained weak as sequential data for manufacturing and utilities deteriorated.

Meanwhile, annual average industrial production growth rose to 6.2% in July (June: +6.0%), signaling an improving trend in the industrial sector.

FocusEconomics panelists project that industrial production will increase 3.3% in 2021, which is up 0.6 percentage points from last month’s projection. In 2022, industrial output is seen increasing 3.8%.

Belarus - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)-6.6  -0.4  6.1  5.7  1.0  

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Belarus Industry Chart

Belarus Industry
Note: Industrial production, annual variation in %.
Source: National Statistical Committee of the Republic of Belarus (BELSTAT).

Belarus Facts

Value Change Date
Exchange Rate2.10-0.36 %Dec 31
Stock Market0.10.0 %Jan 07

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