Current Account in Russia
Russia - Current AccountCooling domestic demand drove a slowdown in GDP growth in Q3. Both investment activity and private spending growth eased, amid a fading base effect and the resurgence of capacity constraints and supply disruptions. More positively, exports rebounded in Q3 amid buoyant global energy demand and progress on the vaccine rollout worldwide. Turning to Q4, the economy seemingly held up well, despite the reintroduction of some Covid-19 measures triggered by record numbers of new cases and virus-related deaths. Economic activity gained steam in October–November, largely due to sturdier industrial output growth. PMI data suggests that momentum improved further in December, as the services sector rebounded. Meanwhile, geopolitical tensions continue to run high at the beginning of 2022, stemming from fears that Russia is gearing up for a possible invasion of Ukraine amid its military buildup along the border.
Russia - Current Account Data
|Current Account (% of GDP)||5.0||1.9||2.1||6.8||3.8|
5 years of economic forecasts for more than 30 economic indicators.
Russia Current Account Chart
Source: Central Bank of the Russian Federation (CBR).
|Bond Yield||6.23||0.13 %||Dec 30|
|Exchange Rate||62.03||-0.12 %||Dec 30|
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January 17, 2022
Merchandise exports soared 62.4% annually in November, marking yet another month of marked growth (October: +62.8% year-on-year).
January 3, 2022
The IHS Markit Services Purchasing Managers’ Index (PMI) rose to 49.5 in December from November's 47.1.
December 29, 2021
Consumer prices rose 0.82% over the previous month in December, which was below the 0.96% rise logged in November.
December 29, 2021
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) fell to 51.6 in December from November's 51.7.
December 22, 2021
Industrial output grew 7.0% compared to the same month of the previous year in November, which followed October's 7.4% increase.