Russia: Industrial production growth eases in August
Industrial output growth lost steam in August, according to the Federal State Statistics Service (Rosstat). Industrial production increased 2.7% in annual terms, down from July’s 3.9%. The slowdown was driven by a deceleration in manufacturing output.
Annual average industrial production growth inched down to 2.1% in August (July: 2.2%). Month-on-month data revealed unchanged industrial activity, with industrial production growth resting at July’s 0.3% in August.