Russia Industry February 2019

Russia

Russia: Industrial production growth jumps to almost two-year high in February

March 18, 2019

Industrial output growth gained steam in February, according to the Federal State Statistics Service (Rosstat). Industrial production increased 4.1% in annual terms, up from January’s 1.1% and the best reading since May 2017. The acceleration was driven by a rebound in manufacturing output, along with faster growth in mining and quarrying production.

Accordingly, annual average growth in industrial production edged up to 2.9% in February from 2.8% in January. On a monthly basis, industrial production grew 1.2%, above January’s 0.2% increase.

The FocusEconomics panel of analysts expects industrial output to expand 2.0% this year, which is unchanged from last month’s forecast. For 2020, the panel expects industrial production to increase 2.2%.


Author: Angela Bouzanis, Senior Economist

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Russia Industry February 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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