Russia: Industrial production growth slows in June
July 17, 2017
Industrial production lost steam in June, after growing at a multi-year high pace in May. Industrial output rose 3.5% year-on-year in June, almost halving from May’s 5.6% growth. June’s result reflected a broad-based deterioration across the components of the index, with manufacturing output slowing notably from May’s result.
The overall trend continued to pointed up, however, with annual average growth in output rising to 1.7% in June from 1.5%. Looking at a month-on-month comparison, industrial production contracted in seasonally-adjusted terms, falling 0.5% (May: +1.6% mom).