Industrial production in Belarus increased 5.9 percent year-on-year in January of 2017, recovering from a 6.8 percent drop in the same period of the previous year. It was the first increase since December 2014.
Compared to January of 2016, output rebounded in manufacturing (+8.5 percent from -8.9 percent), namely chemical products (+31 percent from -14.7 percent), wood and paper; printing activity and reproduction of recorded media (+23.6 percent from -8.2 percent) and transport equipment (+22.8 percent from -19.3 percent). In addition, water collection and activities, declined less (-3.7 percent from -6.4 percent). Meanwhile, mining and quarrying fell further (-4.9 percent from -4 percent) and electricity, gas, steam, hot water and conditioning supply went down (-2.5 percent from +5.9 percent). Industrial Production in Belarus averaged 1.89 percent from 2009 until 2017, reaching an all time high of 12.70 percent in April of 2011 and a record low of -7.70 percent in May of 2015.
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In Belarus, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 88 percent of total production. The biggest segments within manufacturing are: food beverages and tobacco (around 27 percent); coke and refined petroleum products (19 percent); chemicals (13 percent); machinery and equipment (8 percent); and metallurgy (7 percent). Electricity and gas supply accounts for 10.5 percent of total output, and mining and quarrying for 1.4 percent. This page provides the latest reported value for – Belarus Industrial Production – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Belarus Industrial Production – actual data, historical chart and calendar of releases – was last updated on February of 2017.