Russia Industrial production June 2021


Russia: Industrial output growth loses pace in June

July 23, 2021

Industrial production grew 10.4% year-on-year in June (May: +12.3% yoy). The slowdown came chiefly on the back of decelerating manufacturing activity, whereas mining sector and electricity, gas, steam and air conditioning supply continued to increase robustly.

On a seasonally-adjusted monthly basis, factory output fell 0.4% in June (May: +1.3% mom), the worst result since January. Meanwhile, the trend improved significantly, with the annual average variation of industrial production coming in at plus 0.6% in June, contrasting May's minus 0.8%.

FocusEconomics panelists projects industrial output to increase 4.4% in 2021, which is up 0.6 percentage points from last month’s forecast. For 2022, the panel expects industrial production to rise 2.9%.

Author:, Research Team Manager

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Russia Industrial production Chart

Russia Industry June 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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