Industry in Belarus
Belarus - Industry
Industrial output grows at quickest pace since May 2021 in January
Industrial output expanded 7.2% year-on-year in January (December: +4.3% yoy). The result marked the best result since May 2021. The notable upturn was primarily driven by a pickup in manufacturing and mining and quarrying production.
Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 6.4%, down from December's 6.5%.
FocusEconomics panelists project that industrial production will decrease 0.8% in 2022, which is up 1.9 percentage points from last month’s projection. In 2023, industrial output is seen increasing 2.7%.
Belarus - Industry Data
|Industrial Production (annual variation in %)||-6.6||-0.4||6.1||5.7||1.0|
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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April 1, 2022
The Belarusian ruble continued to lose ground against the U.S. dollar over the past month, plummeting to an all-time low of 3.33 per USD in mid-March, amid a spiraling sovereign debt crisis due to the fallout from the Russia-Ukraine war.
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March 4, 2022
On 28 February, four days after war broke out in Ukraine, the National Bank of the Republic of Belarus had its first meeting in seven months.
February 16, 2022
Industrial output expanded 7.2% year-on-year in January (December: +4.3% yoy).
February 10, 2022
Consumer prices rose 1.53% over the previous month in January, picking up from December's 0.87% rise.
January 17, 2022
Industrial output increased 4.3% in year-on-year terms in December, which was above November's 2.7% increase.