Industry in Russia
Russia - Industry
Industrial output growth moderates in July
Annual industrial output growth came in at 2.8% in July, softening from June’s 3.3% year-on-year jump. The deceleration was chiefly driven by weaker manufacturing production growth. This, coupled with a milder expansion in the electricity, gas and steam, air conditioning supply sector, more than offset stronger output growth in the mining sector.
On a monthly basis, industrial production fell 0.4% in seasonally- and calendar-adjusted terms, contrasting June’s 1.1% increase. Moreover, annual average growth in industrial production inched down to 2.6% in July from 2.7% in June.
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 2.3%.
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 | 7.30 | 0.13 % | Jul 31 |
| Exchange Rate | 63.38 | -0.12 % | Jul 31 |
| Stock Market | 2,740 | -1.03 % | Jul 31 |
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