Industry in Belarus
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 |
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: Inflation remains stable in August
September 10, 2021
Consumer prices increased 0.18% in August over the previous month, picking up from July's 0.07% rise.
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Belarus: Industrial output records slowest expansion since December 2020 in July
August 17, 2021
Industrial production increased 2.7% year-on-year in July (June: +6.9% yoy).
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Belarus: Inflation moderates in July
August 10, 2021
Consumer prices rose 0.07% from the previous month in July, which was below the 0.65% increase seen in June..
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Belarus: Industrial output records slowest expansion since December 2020 in June, due to a less favorable base effect
July 16, 2021
Industrial production expanded 6.9% year-on-year in June (May: +11.5% yoy).
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Belarus: Economy records quickest upturn since Q2 2018 in Q2
July 16, 2021
According to a preliminary reading, GDP growth improved to 5.5% year-on-year in the second quarter (H1 2021: 3.3% yoy), from 1.1% in the first quarter.
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