Russia Industry January 2018

Russia

Russia: Industrial production rebounds in January

February 15, 2018

Industrial activity swung to expansion in January, after two consecutive months of contraction. According to the Federal State Statistics Service (Rosstat), industrial output grew 2.9% year-on-year, which contrasted December’s 2.3% fall. The result was driven by a turnaround in the manufacturing and mining sectors.

The trend, however, failed to improve and annual average growth came in at 0.9%, unchanged from December. A month-on-month comparison revealed that industrial production gained ground as output rose 2.4% over the previous month in January (December: 0.4% month-on-month).

This year, the FocusEconomics panel of analysts expects industrial output to expand 1.8%, which is down 0.2 percentage points from last month’s forecast. For 2019, the panel expects industrial production to increase 2.0%.


Author: Angela Bouzanis, Senior Economist

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Russia Industry January 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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