Russia Industry January 2019


Russia: Industrial production growth falls to over one-year low in January

February 15, 2019

Industrial output growth decelerated in January, according to the Federal State Statistics Service (Rosstat). Industrial production increased 1.1% in annual terms, down from December’s 2.4% and the worst reading in over one year. The slowdown was driven by contracting manufacturing output, along with slower growth in mining and quarrying production.

Accordingly, annual average growth in industrial production ticked down from 2.9% in December to 2.8% in January. On a monthly basis, industrial production grew a meagre 0.1% in January, below December’s 0.3% increase.

Russia Industrial Production Forecast

The FocusEconomics panel of analysts expects industrial output to expand 1.9% 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 January 2019

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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