Industry in Belarus
Belarus - Industry
Industrial production edges down in February
Industrial production fell 0.8% on an annual basis in February, following a marked 5.8% dip in the opening month of the year, which had marked the sharpest contraction since November 2015. Notably, the February’s result was positively influenced by the leap-year extra day, suggesting that the calendar-day adjusted outturn was considerably weaker.
February’s decrease was mostly driven by contracting activity in the mining and quarrying, and utilities supply sectors. Meanwhile, activity in the all-important manufacturing sector was stable, contrasting a marked downturn in January, while the water supply sector continued to expand moderately in February.
Meanwhile, annual average growth in industrial production slumped to an over three-year low of 0.3% in February, from 0.4% in January.
FocusEconomics panelists project that industrial production will expand 1.0% in 2020, which is down 1.3 percentage points from last month’s projection, and 1.6% in 2021.
Belarus - Industry Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 2.0 | -6.6 | -0.4 | 6.1 | 5.7 |
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 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
-
Belarus: Industrial production edges down in February
March 17, 2020
Industrial production fell 0.8% on an annual basis in February, following a marked 5.8% dip in the opening month of the year, which had marked the sharpest contraction since November 2015.
-
Belarus: Inflation falls to 19-month low in February
March 10, 2020
Consumer prices rose 1.0% over the previous month in February, largely in line with January’s 0.9% increase but marking the strongest rise since February 2019.
-
Belarus: Industrial production slumps at sharpest rate in over four years in January
February 18, 2020
Industrial production fell 5.8% on an annual basis in January, swinging from the previous month’s 4.3% expansion and marking the sharpest contraction since November 2015 amid a broad-based downturn.
-
Belarus: Central Bank cuts refinancing rate to fresh record low in February
February 12, 2020
At its 12 February meeting, the National Bank of the Republic of Belarus (NBRB) trimmed the refinancing rate by 25 basis points to an all-time low of 8.75%.
-
Belarus: Inflation remains stable in January
February 10, 2020
Consumer prices rose 0.9% over the previous month in January, accelerating slightly from December’s 0.5% uptick and marking the strongest increase in nearly a year.
© Copyright: 2020. | Belarus Industry | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
