Industry in Belarus
Belarus - Industry
Industrial output records quickest growth since February 2018 in January
Industrial production expanded 8.5% year-on-year in January (December: -0.7% yoy). The print marked the best result since February 2018. The uptick came on a favorable base effect, amid higher manufacturing and energy output.
Meanwhile, the trend improved notably, with the annual average variation of industrial production coming in at plus 0.5% in January, contrasting December's minus 0.7%.
FocusEconomics panelists project that industrial production will increase 1.2% in 2021, which is up 0.2 percentage points from last month’s projection. In 2022, industrial output is seen increasing 2.9%.
Belarus - Industry Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -6.6 | -0.4 | 6.1 | 5.7 | 1.0 |
Belarus Industry Chart
Source: National Statistical Committee of the Republic of Belarus (BELSTAT).
Belarus Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 2.10 | -0.36 % | Dec 31 |
| Stock Market | 0.1 | 0.0 % | Jan 07 |
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Economic News
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Belarus: Industrial output records quickest growth since February 2018 in January
February 16, 2021
Industrial production expanded 8.5% year-on-year in January (December: -0.7% yoy).
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Belarus: Industrial activity drops at sharpest rate since May in December
January 19, 2021
Industrial output dropped 0.7% in year-on-year terms in December, which was a deterioration from November's 4.3% increase.
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Belarus: Economic momentum improves in Q4, but mild contraction still recorded for 2020 as a whole
January 18, 2021
A preliminary estimate revealed the economy shrank 0.9% in 2020 as a whole, improving from the 1.2% decrease observed in the first three quarters of the year and suggesting the economy picked up pace in Q4.
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Belarus: Inflation hits highest level since January 2017 in December
January 13, 2021
Consumer prices increased 1.23% in December over the previous month, accelerating from the 0.66% rise logged in November.
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Belarus: GDP contraction eases significantly in Q3
December 30, 2020
A second estimate revealed the economy shrank 0.2% year-on-year in the third quarter of 2020, easing from the second quarter’s 3.3% decrease.
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