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
|Industrial Production (annual variation in %)||2.0||-6.6||-0.4||6.1||5.7|
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 %||Dec 31|
|Stock Market||0.1||0.0 %||Jan 07|
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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.
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.
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.
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%.
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.