Russia Industry


Russia: Industrial production picks up in July

August 15, 2012

In July, industrial production rose 3.4% over the same month last year, which was up from both the 1.9% expansion recorded in June and market expectations of a 2.5% increase. The improvement was driven by faster growth in manufacturing and mining. On a monthly seasonally adjusted basis, industrial output rose 0.9% over the previous month, up from the flat reading posted in June. Despite the positive result, the trend deteriorated further, with annual average growth in industrial production inching down 3.7% in June to 3.6% in July, the lowest reading in more than two years.

Author:, Head of Data Solutions

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Russia Industry Chart

Russia Industry July 2012

Note: Year-on-year and annual average variation of industrial production index in %.
Source: Federal State Statistics Service (Rosstat).

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