Russia: Industrial production growth slows in September
October 24, 2018
Industrial output growth lost steam in September, according to the Federal State Statistics Service (Rosstat). Industrial production increased 2.7% in annual terms, down from August’s 2.7%. The slowdown was driven by a contraction in manufacturing output, which was partially offset by a pickup in mining and quarrying production.
Annual average industrial production growth inched down to 2.0% in September (August: 2.1%). On a monthly basis, industrial production grew a modest 0.2%, slightly below August’s 0.3% expansion.
Russia Industrial Production Forecast
The FocusEconomics panel of analysts expects industrial output to expand 2.5% next year, which is unchanged from last month’s forecast. For 2020, the panel expects industrial production to increase 2.1%.