Russia: Industrial output rebounds in March
April 15, 2021
Industrial output rose 1.1% year-on-year in March, rebounding from February’s 3.2% drop and marking the first increase this year. 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 March.
On a monthly basis, factory output increased 0.7% in seasonally-adjusted terms in March, which was a notch below February’s 0.8% expansion. Meanwhile, annual average variation of industrial production was stable coming in at February's 3.6% in March.
Author: Almanas Stanapedis, Research Team Manager