GDP lost 4% in seven months

Within seven months GDP lost 4%, although within first 6 months it made only 3.3% as compared to the past year.

According to Belsat data, in January-July GDP made up Br482.9 trillions.

It declined by 0.8% in January-February, in January-March by 2.1%, in January-April - 2.6%, in January-May — 3%.

For seven months industrial output amounted to Br412.4 trillions, which is 7.2% less than in January-July, 2014. As compared to June the industrial production grew by 0.9% in July, and against last July it decreased by 6%.

July stock reserves dropped to Br35 trillions against Br36.6 trillions and made up 73.7% to average monthly volume of industrial production on July 2015.

Production of agricultural products decreased by 11.5% and fixed at Br56.7 trillions.

Investment in fixed assets decreased by 14.6% to Br108.5 trillions.

Wholesale trade turnover fixed at Br346.2 billions, which is 2.7% less than for seven months last year. Retail turnover showed a slight increase (1%) - Br193.3 billions.

In 2014 GDP of Belarus grew by 1.6% with an official macroforecast of 3.3% In 2015 GDP growth is planned at the level of 0.2 − 0.7%