Russia Industry


Industrial production moderates unexpectedly in April

In April, industrial production rose 1.3% over the same month last year, which was below both the 2.0% expansion recorded in March and market expectations of a 3.2% increase. The slowdown was caused by a contraction in the utilities sector, while mining and quarrying, as well as manufacturing, improved compared to the previous month. On a monthly basis, industrial output rose a seasonally adjusted 0.1%, contrasting the 1.2% contraction recorded in March. Meanwhile, the trend deteriorated, with annual average growth in industrial production edging down from 4.3% in March to 4.1% in April. The government expects industrial output to expand 3.1% in 2012.

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Russia Industry Chart

Russia Industry April 2012

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

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