Industry in Belarus
Belarus - Industry
Industrial production slows further in June
Industrial production growth slowed to 5.3% in annual terms in June, a five-month low, from the 6.3% figure recorded in May. Meanwhile, annual average industrial production growth inched down to 7.0% in June from May’s 7.1%.
Industrial output rose 7.8% annually in the January–June period (January–May: +8.3% year-on-year). The moderation came on the back of decelerating growth in the manufacturing sector, which expanded 8.6%, down from the 9.5% logged in the previous month. Despite the weaker print, production of machinery and equipment; transport vehicles and equipment; and basic pharmaceuticals and medicinal products all expanded by double-digits in the period.
Growth in the water supply and waste management sector also eased in June. Meanwhile, electricity, gas, steam, hot water and air conditioning supply, and mining and quarrying production all accelerated in June.
Belarus Industrial Production Forecast
FocusEconomics Consensus Forecast panelists project that industrial production will expand 5.3% in 2018, which is up 0.5 percentage points from last month’s forecast. For 2019, panelists expect industrial production to rise 4.5%.
Belarus - Industry Data
|Industrial Production (annual variation in %)||-4.9||2.0||-6.6||-0.4||6.1|
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||2.06||-0.36 %||Aug 15|
|Stock Market||0.1||0.0 %||Aug 15|
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August 10, 2018
Consumer prices fell 0.2% over the previous month in July, contrasting the 0.4% rise recorded in June.
July 18, 2018
While the economy lost some steam in the second quarter, the expansion in the first half of the year was nonetheless solid.
July 16, 2018
Industrial production growth slowed to 5.3% in annual terms in June, a five-month low, from the 6.3% figure recorded in May.
July 10, 2018
Consumer prices increased 0.4% over the previous month in June, contrasting the 0.3% decrease recorded in May.
June 20, 2018
On 20 June, the Board of the National Bank of the Republic of Belarus (NBRB) decided to cut the refinance rate starting 27 June by 50 basis points, from 10.5% to 10.0%.