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%.