FX.co ★ Belarus Industrial Activity Down for Third Month

Industrial production in Belarus experienced a 0.8% decline year-on-year during the first nine months of 2025, marking the third consecutive monthly downturn. This reduction was largely attributed to decreased output in the manufacturing sector, which fell by 1.4%, and a slight drop in water supply, waste management, and remediation services, which dipped by 0.1%. On the other hand, there was growth in the mining and quarrying industry, which increased by 2.9%, and in the supply of electricity, gas, steam, and air conditioning, which rose by 2.6%.