Russia Industry November 2018


Russia: Industrial production growth decelerates in November

November 17, 2018

Industrial output growth lost momentum in November, according to the Federal State Statistics Service (Rosstat). Industrial production increased 2.4% in annual terms, down from October’s 3.7%. The deceleration was driven by stagnating manufacturing production.

Despite November’s slowdown, annual average industrial production growth edged up to 2.6%, above October’s 2.3% and the best result in one year. On a monthly basis, industrial production contracted 0.4%, contrasting October’s 0.3% increase.

The FocusEconomics panel of analysts expects industrial output to expand 2.1% this year, which is unchanged from last month’s forecast. For 2020, the panel expects industrial production to increase 2.2%.


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Russia Industry Chart

Russia Industry November 2018

Note: Year-on-year changes and annual average variation of industrial production index in %.
Source: Federal State Statistics Service (Rosstat) and FocusEconomics calculations.

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