Industry in Russia
Russia - Industry
Industrial output growth ticks up in September
Industrial output, in annual terms, increased 3.0% in September, marginally up from August’s 2.9% year-on-year rise. The reading largely reflected a pick-up in the growth of manufacturing output and a faster acceleration in the electricity, gas and steam, and air conditioning supply sector. This more than offset a slowdown in growth of mining output and a contraction in the water supply and sewage sector.
On a monthly basis, industrial production fell 0.1% in seasonally- and calendar-adjusted terms, contrasting August’s 0.6% rise. Meanwhile, annual average growth in industrial production inched up from 2.6% in August to 2.7% in September.
FocusEconomics panelists expect industrial output to expand 2.3% in 2020, which is down 0.1 percentage points from last month’s forecast. For 2021, the panel also expects industrial production to increase 2.3%.
Russia - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 0.4 | 1.6 | -0.8 | 2.1 | 2.2 |
Russia Industry Chart
Source: Russian Federal State Statistics Service (Rosstat) and FocusEconomics calculations.
Russia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 7.04 | 0.13 % | Sep 04 |
| Exchange Rate | 66.91 | -0.12 % | Sep 04 |
| Stock Market | 2,793 | -1.03 % | Sep 04 |
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Economic News
Russia: Industrial output growth ticks up in September
October 16, 2019
Industrial output, in annual terms, increased 3.0% in September, marginally up from August’s 2.9% year-on-year rise.
Russia: Inflation dips to 10-month low in September
October 4, 2019
In September, consumer prices fell 0.2% over the previous month, matching August’s result which had marked the first drop in monthly prices in nearly two years.
Russia: Consumer confidence improves but remains firmly entrenched in negative territory in Q3
October 4, 2019
The consumer confidence index published by the Federal Statistics Service (Rosstat) on 4 October edged up to minus 13 points in the third quarter, from minus 15 points in the second quarter.
Russia: Composite PMI broadly unchanged in September amid diverging trends in manufacturing and services sectors
October 3, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit dived to 46.3 in September, from 49.1 in August, marking the worst result since May 2009.
Russia: Growth picks up in Q2 on sturdier domestic demand
October 2, 2019
Annual growth accelerated to 0.9% in the second quarter, as confirmed by a third estimate of national accounts data released by Rosstat on 2 October.
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