Russia: Industrial production growth slides in May
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.