Russia Industry December 2018

Russia

Russia: Industrial production slows in December

December 17, 2018

Industrial output growth lost steam in December, according to the Federal State Statistics Service (Rosstat). Industrial production increased 2.0% in annual terms, down from November’s 2.4%. The deceleration was driven by slower mining and quarrying activity along with water supply production.

For the full year 2018, industrial production grew 2.9%, above 2017’s 2.1%. On a monthly basis, industrial production grew 0.1% in December, rebounding from November’s 0.4% fall.

The FocusEconomics panel of analysts expects industrial output to expand 1.9% this year, which is down 0.2 percentage points from last month’s forecast. For 2020, the panel expects industrial production to increase 2.1%.


Author: Angela Bouzanis, Senior Economist

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Russia Industry December 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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