Updated at 13:48,15-08-2017

Belarus' GDP reported up 1.4 percent in first seven months of 2013

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Belarus' Gross Domestic Product (GDP) in the first seven months of 2013 totaled 340.1 trillion rubels (some $39 billion), a 1.4-percent year-on-year increase, reported the National Statistical Committee (Belstat).

According to Belstat, Belarus' industrial output decreased by 4.5 percent year-on-year to total 352.6 trillion rubels and agricultural output decreased by 4.1 percent to total 45 trillion rubels.

As of August 1, the industrial sector's finished goods inventories amounted to 74.4 percent of the average monthly output against 51.3 percent a year ago.

Fixed capital expenditures increased by 10.2 percent to total 102.6 trillion rubels and housing construction went up 6.5 percent to total 2,815,300 square meters.

Freight transportation decreased by 5.8 percent to total 253.6 million tons, while retail sales increased by 19 percent to total 145.5 trillion rubels.

Consumer prices increased by one percent in July and by eight percent since the beginning of the year. Industrial producer prices rose by 0.8 and 5.2 percent, respectively.

The government had projected a GDP growth rate of 8.5 percent for 2013.