Industry in Belarus
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 |
Belarus Industry Chart
Source: National Statistical Committee of the Republic of Belarus (BELSTAT).
Belarus Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 2.11 | -0.36 % | Sep 04 |
| Stock Market | 0.1 | 0.0 % | Sep 04 |
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Economic News
Belarus: Industrial sector gains steam in July
August 19, 2019
Industrial activity picked up in July, growing 3.6% year-on-year following a 0.9% contraction in June.
Belarus: Inflation rises in July
August 12, 2019
Consumer prices rose 0.2% over the previous month in July, following a 0.1% month-on-month drop in June.
Belarus: Central Bank axes refinancing rate to all-time low
August 7, 2019
At its 7 August meeting, the National Bank of the Republic of Belarus (NBRB) slashed the refinancing rate by 50 basis points to an all-time low of 9.50%.
Belarus: Contraction of industrial sector eases in June
July 17, 2019
Industrial production fell 0.9% year-on-year in June, following a 3.3% contraction in May.
Belarus: Economy slows in Q2 after maintaining a steady stride in Q1
July 17, 2019
A preliminary estimate showed that the economy lost speed in the first half of the year, with GDP growing a meagre 0.9% on an annual basis in H1Growth in Q1 was revised up to 1.3% over the same quarter last year (previously reported: +1.1% year-on-year), thus the economy maintained the same pace of expansion as in Q4 2018 before losing momentum in the second quarter.
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