External Debt in Russia
Russia - External DebtGrowth seems to have recovered slightly in the second quarter, following a lackluster first-quarter performance which was dented by sliding investment activity and faltering exports. In Q2, economic activity picked up slightly on sturdier industrial production growth, which was underpinned by solid manufacturing output, and increased infrastructure spending under the government’s “national projects”. OPEC+ oil production restrictions and lower gas demand capped the increase, however. Meanwhile, although consumer demand metrics weakened, as suggested by retail sales growth decelerating to a two-year low in Q2, there were signs of improving conditions at the end of the quarter. Higher real wages in Q2 and a lower unemployment rate, which dropped to an all-time low in June, boded well for household consumption, which seemingly also benefited from gradually easing inflation thanks to a relatively strong ruble.
Russia - External Debt Data
|External Debt (% of GDP)||31.7||29.2||38.1||39.9||32.8|
5 years of economic forecasts for more than 30 economic indicators.
Russia External Debt Chart
Source: Central Bank of the Russian Federation (CBR).
|Bond Yield||7.30||0.13 %||Jul 31|
|Exchange Rate||63.38||-0.12 %||Jul 31|
|Stock Market||2,740||-1.03 %||Jul 31|
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August 22, 2019
Merchandise exports totaled USD 32.5 billion in June, representing a marked 10.5% contraction from the USD 36.3 billion sum recorded in the same month of 2018.
August 15, 2019
Annual industrial output growth came in at 2.8% in July, softening from June’s 3.3% year-on-year jump.
August 12, 2019
GDP growth accelerated to 0.9% year-on-year in the second quarter of 2019, according to a preliminary estimate released on 12 August.
August 7, 2019
In July, consumer prices rose 0.2% from the previous month, compared to June’s flat reading.
Russia: Despite improving, manufacturing PMI remains in contractionary territory in July; services PMI signals mild activity growth
August 5, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit edged up to 49.3% in July, from 48.6 in June.