Russia Industrial production December 2023

Russia: Industrial output records slowest growth since March in December

Industrial production increased 2.7% year on year in December (November: +4.5% yoy). December’s figure marked the worst reading since March. December’s notable weakening was largely driven by a deterioration in manufacturing production growth, as it recorded the weakest reading since February. In addition, mining and quarrying output contracted at the end of 2023.

On a monthly basis, factory output was flat in seasonally adjusted terms in December, which was below November’s 0.3% expansion. Meanwhile, annual average industrial production growth rose to 3.5% in December (November: +3.1%), which marked an over one-year high.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest