Russia: Decline in industrial output softens in November
Industrial output decreased 1.8% compared to the same month a year earlier in November, which was above October’s 2.6% decrease. The reading reflected a broad-based improvement, with dynamics in the manufacturing, mining and quarrying and electricity, gas, steam and air conditioning supply sub-sectors all improving in November relative to Octobers readings.
On a monthly basis, industrial production rose 0.7% in seasonally adjusted terms in November, matching Octobers expansion. Meanwhile, annual average industrial production growth fell to 0.6% in November (October: +1.5%).