Russia Industry September 2018


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%.


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Russia Industry Chart

Russia Industry September 2018

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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