Russia Industrial production March 2021

Russia

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.

FocusEconomics panelists projects industrial output to increase 3.4% in 2021, which is down 0.3 percentage points from last month’s forecast. For 2022, the panel expects industrial production to rise 2.7%.


Author:, Research Team Manager

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Russia Industrial production Chart


Russia Industry March 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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