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
|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||2.10||-0.36 %||Oct 22|
|Stock Market||0.1||0.0 %||Oct 22|
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September 28, 2018
Although the economy expanded robustly in the second quarter, it lost some momentum following the strong outturn at the beginning of the year.
September 19, 2018
At its 19 September meeting, the Board of the National Bank of the Republic of Belarus (NBRB) kept the refinance rate unchanged at an over one-decade low of 10.0%.
September 17, 2018
Industrial production decelerated in August, as output increased 4.3% year-on-year—an eight-month low—down from 5.7% in July.
September 10, 2018
Consumer prices rose 0.1% over the previous month in August, swinging from a 0.2% contraction in July.
Belarus: Belarusian ruble drops amid emerging markets selloff and further liberalization of exchange rate regime
September 3, 2018
The Belarusian ruble came under significant pressure in August, falling to the lowest level seen in over two years at the end of the month.