Russia Industry


Industrial output slows down in December

In December, industrial production rose 1.4% over the same month the previous year, which was down from the 1.9% expansion recorded in November and came in below market expectations of a 2.0% rise. The deceleration was the result of slower growth in manufacturing and mining and quarrying, while electricity, gas and water rebounded to positive territory from a contraction in November.

On a month-on-month seasonally adjusted basis, industrial output grew 0.5%, inching down from the 0.6% increase seen in November. In the full year 2012, industrial production rose 2.6%, which compares with a 4.7% expansion in 2011 and marks the slowest expansion in almost three years.

The government expects industrial output to expand 3.6% in 2013.

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Russia Industry Chart

Russia Industry December 2012

Note: Year-on-year and annual average variation of industrial production index in %.
Source: Federal State Statistics Service (Rosstat).

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