Russia: Industrial production growth hits nearly two-year high in April
Industrial output growth jumped in April, according to the Federal State Statistics Service (Rosstat). Industrial production increased 4.6% in annual terms, up notably from March’s 4.6% and marking the best reading since May 2017. Accelerating manufacturing production as well as output of water supply drove the result.
Annual average growth in industrial production was stable at March’s 2.8% in April. On a monthly basis, industrial production expanded 1.2%, contrasting March’s 0.5% contraction.