Russia Industrial production September 2021

Russia

Russia: Industrial output growth gains momentum in September

October 27, 2021

Industrial output expanded 6.8% compared to the same month a year earlier in September, which followed August's 4.6% increase. The reading reflected a broad-based upturn, with activity in the manufacturing, mining and quarrying, and electricity, gas, steam and air conditioning supply sub-sectors all improving in September.

On a monthly basis, industrial production grew 1.7% in seasonally-adjusted terms in September, contrasting August’s 0.8% fall and marked the best result since December 2020. Meanwhile, annual average industrial production growth rose to 3.5% in September (August: +2.6%), signaling an improving trend in the industrial sector.

FocusEconomics panelists projects industrial output to increase 4.7% in 2021, which is unchanged from last month’s forecast. For 2022, the panel expects industrial production to rise 2.8%, which is also unchanged from last month’s forecast.


Author:, Research Team Manager

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Russia Industry September 2021

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


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