Industry in Russia

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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  

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Russia Industry Chart

Russia Industry
Note: Annual variation of industrial production in %.
Source: Russian Federal State Statistics Service (Rosstat) and FocusEconomics calculations.

Russia Facts

Bond Yield8.680.13 %Dec 12
Exchange Rate66.50-0.12 %Dec 12
Stock Market2,370-1.03 %Dec 12

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