Russia: Industrial output growth picks up pace in January
Industrial output grew 4.6% compared to the same month a year earlier in January, which was above December’s 2.7% 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 January.
On a seasonally adjusted monthly basis, industrial output rose at a 0.7% in January, following December’s flat reading and marking the best result since May 2023. Meanwhile, the trend improved notably, with the annual average growth of industrial production coming in at 4.1%, up from December’s 3.5% reading.