Industry in Russia
Russia - Industry
Industrial production growth slows in September
Industrial output growth lost steam in September, according to the Federal State Statistics Service (Rosstat). Industrial production increased 2.7% in annual terms, down from August’s 2.7%. The slowdown was driven by a contraction in manufacturing output, which was partially offset by a pickup in mining and quarrying production.
Annual average industrial production growth inched down to 2.0% in September (August: 2.1%). On a monthly basis, industrial production grew a modest 0.2%, slightly below August’s 0.3% expansion.
Russia Industrial Production Forecast
The FocusEconomics panel of analysts expects industrial output to expand 2.5% next year, which is unchanged from last month’s forecast. For 2020, the panel expects industrial production to increase 2.1%.
Russia - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 0.4 | 1.6 | -0.8 | 1.3 | 1.0 |
Russia Industry Chart
Source: Russian Federal State Statistics Service (Rosstat) and FocusEconomics calculations.
Russia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 8.68 | 0.13 % | Dec 12 |
| Exchange Rate | 66.50 | -0.12 % | Dec 12 |
| Stock Market | 2,370 | -1.03 % | Dec 12 |
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In October, consumer prices rose 0.4% from the previous month, above the 0.2% growth recorded in September.
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