Russia Industry May 2018


Russia: Industrial production weakens in May

June 18, 2018

Industrial output eased in May, according to the Federal State Statistics Service (Rosstat). Industrial production grew 3.7% in annual terms, down from the upwardly revised 3.9% increase registered in April (previously reported: +1.3% year-on-year). The softer print came on the back of contractions in the water supply and the electricity, gas, steam and air conditioning sectors. In addition, growth in mining output eased in May.

Annual average growth edged down to 2.0% in May from a revised 2.3% in April (previously reported: +1.2% yoy). Month-on-month data also showed weaker output, with industrial production inching down to 0.5% growth in May from 0.6% in April.

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 1.9%.


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Russia Industry Chart

Russia Industry May 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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