Russia Industry April 2018

Russia

Russia: Industrial production increases in April

May 31, 2018

Industrial production picked up in April, according to the Federal State Statistics Service (Rosstat). Industrial output grew 1.3% year-on-year, increasing from the 1.0% rise logged in March. The acceleration was driven by stronger manufacturing and mining output and a better performance in the electricity, gas, steam and air conditioning sector. Gains were partially offset by a deterioration in the water supply sector.

Annual average growth inched down to 1.2% in April from 1.3% in March. A month-on-month comparison revealed that industrial production also gained momentum, as output rose 0.5% over the previous month (March: +0.3% month-on-month).

The FocusEconomics panel of analysts expects industrial output to expand 1.6% this year, which is unchanged from last month’s forecast. For 2019, the panel expects industrial production to increase 2.0%.


Author:, Economist

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Russia Industry April 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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