Industry in Belarus

Belarus Industry | Economic News & Forecasts

Belarus - Industry

Industrial sector gains steam in July

Industrial activity picked up in July, growing 3.6% year-on-year following a 0.9% contraction in June.

The manufacturing sector led the upturn, reflecting a surge in the production of transport vehicles and equipment, and the manufacture of electrical equipment. This was followed by a solid rise in mining and quarrying, and resilient outturn in the water supply sector. Meanwhile, the electricity, gas, steam, hot water and conditioning supply logged flat growth.

Lastly, annual average growth in industrial production edged down to 1.7% in July from 1.9% in June, marking the lowest print since March 2017.

FocusEconomics Consensus Forecast panelists project that industrial production will expand 3.5% this year, which is down 0.2 percentage points from last month’s projection. For 2020, panelists expect industrial production to rise 3.2%.

Belarus - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)-4.9  2.0  -6.6  -0.4  6.1  

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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

ValueChangeDate
Exchange Rate2.11-0.36 %Sep 04
Stock Market0.10.0 %Sep 04

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