Industry in Russia
Russia - Industry
Industrial production growth drops in March
Industrial output growth plunged in March, according to the Federal State Statistics Service (Rosstat). Industrial production increased 1.2% in annual terms, down notably from February’s 4.1% which had marked the best reading since May 2017. Stagnating manufacturing output drove the deceleration along with a deeper fall in production of electricity, gas and air conditioning.
Accordingly, annual average growth in industrial production down to 2.8% in March from 2.9% in February. On a monthly basis, industrial production contracted 0.6%, contrasting February’s 1.2% increase.
The FocusEconomics panel of analysts expects industrial output to expand 2.0% this year, which is unchanged from last month’s forecast. For 2020, the panel expects industrial production to increase 2.2%.
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 | 8.28 | 0.13 % | Jan 30 |
| Exchange Rate | 66.34 | -0.12 % | Jan 30 |
| Stock Market | 2,512 | -1.03 % | Jan 30 |
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Economic News
Russia: Industrial production growth drops in March
April 15, 2019
Industrial output growth plunged in March, according to the Federal State Statistics Service (Rosstat).
Russia: Exports rebound in February
April 11, 2019
Merchandise exports totaled USD 34.0 billion in February, which represented a 8.6% expansion from the USD 21.4 billion sum recorded in the same month of 2018.
Russia: Inflation rises in March
April 5, 2019
In March, consumer prices rose 0.3% from the previous month, broadly unchanged from the 0.4% increase recorded in February.
Russia: Consumer confidence improves mildly in Q1
April 5, 2019
The consumer confidence index published by the Federal Statistics Service (Rosstat) rose to minus 16 points in the first quarter, from minus 17 points in the final quarter of 2018.
Russia: Manufacturing PMI rises to over-two year high in March
April 1, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit jumped from 50.1 in February to 52.8 in March, the best reading since January 2017.
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