Industry of Belarus October 2022

Industrial production contracted 4.1% year over year in October, down from September’s 2.1% contraction. After two consecutive months of improvements, the contraction intensified again. This indicates that industrial activity is still far from recovering from the fallout from the Russo-Ukrainian War.

Meanwhile, the trend held steady, with the annual average of industrial production unchanged at 9.9% in October.

FocusEconomics panel members expect industrial production to decline 1.8% in 2023, up 2.7 percentage points from last month’s forecast. In 2024, industrial output is expected to increase by 3.3%.

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