Belarus: Industrial output expands at quickest pace since January 2022 in July
Industrial production grew 7.1% year on year in July (June: +6.0% yoy). The print marked the best reading since January 2022. Looking at the details of the release, July’s pickup was broad-based. Manufacturing and mining and quarrying production accelerated, while electricity, gas, steam and air conditioning supply activity contracted at a softer rate.
Meanwhile, the trend improved, with the annual average growth of industrial production coming in at 5.0% in July, up from June’s 1.5% reading.