Unveiled is the July price situation for manufacturers in Belarus
In the latest report from the National Statistical Committee of Belarus, changes in producer prices for July 2024 have been revealed, offering insights into the country's key sectors: industry, agriculture, and construction.
The industrial sector saw a slight increase in the producer price index, rising by 0.1% compared to the previous month, but registering a substantial growth of 6.3% compared to December 2024. This increase was due in part to a decline in manufacturing (-0.5%) but was offset by growth in mining (+2.8%).
In the agricultural sector, crop production saw an increase in the producer price index by 2.5% and 1.5% respectively compared to the previous month and December 2024. Meanwhile, livestock production also experienced a rise, with the producer price index increasing by 0.4% and 2.5% respectively.
The construction sector, on the other hand, showed more significant growth. The producer price index increased by 0.9% compared to June and a robust 5.1% compared to December 2024. This growth was evident across various sub-sectors, with construction and installation works seeing an increase of 1.9% and 11.1% respectively. Additionally, the index for other works and expenses in construction rose by 2.5% and 9% respectively.
Interestingly, the index for freight transportation by all types of transport decreased by 0.3% compared to June but increased by 5% compared to December 2024. The index for machinery and equipment in construction saw a decrease of 0.6% and 3.3% respectively, while the index for investment goods rose by 0.2% and 2.4% respectively.
Consumer goods, however, saw an increase in the producer price index by 0.4% and 5.6% respectively, and the index for communication services for legal entities and individual entrepreneurs increased by 1.6% compared to the previous month and by 5.5% compared to December 2024.
These changes in producer prices provide a snapshot of the economic health of Belarus' key sectors and could have implications for inflation and wage growth in the coming months. However, for a comprehensive understanding of the producer price changes in these sectors for July 2024, direct reports or releases specifically addressing producer price indices would need to be consulted.
Read also:
- Foreign financial aid for German citizens residing abroad persists
- "Germany appears less environmentally friendly compared to Texas, according to Harald Lesch's climate documentary"
- Texas Public Utility Commission issues $216 million loan for NRG's 456-megawatt gas power plant
- Ford Intends to Launch an Economical Electric Pickup for $30,000, featuring a Compact Battery and on a Novel, Universal Chassis
