Russia Industry August 2018


Russia: Industrial production growth eases in August

September 26, 2018

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.

The FocusEconomics panel of analysts expects industrial output to expand 2.4% this year, which is unchanged from last month’s forecast. For 2019, the panel expects industrial production to increase 2.1%, also unchanged from the previous month’s forecast.


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Russia Industry Chart

Russia Industry August 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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