Russia Industry May 2019


Russia: Industrial production growth slides in May

June 18, 2019

Industrial output growth slowed notably in May, after hitting a nearly two-year high in April. Industrial production increased 0.9% in annual terms, below April’s 4.6% rise. A drop in manufacturing production was chiefly behind the slowdown.

Annual average growth in industrial production fell to 2.6% in May from 2.8% in April. On a monthly basis, industrial production contracted 0.8%, contrasting April’s 1.2% increase.

Russia Industrial Production Forecast

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 2.3%.


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Russia Industry Chart

Russia Industry May 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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