Russia Industry August 2019

Russia: Industrial output growth broadly stable in August

Industrial output, in annual terms, rose 2.9% in August, a notch up from July’s 2.8% year-on-year increase. The result chiefly reflected an uptick in the growth of mining output, which coupled with a faster expansion in the electricity, gas and steam, air conditioning supply sector, more than offset slightly milder growth in manufacturing production.

On a monthly basis, industrial production jumped 0.6% in seasonally- and calendar-adjusted terms, contrasting July’s 0.3% decrease. Meanwhile, annual average growth in industrial production remained stable at the previous month’s 2.6% in August.

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