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
|Industrial Production (annual variation in %)||0.4||1.6||-0.8||2.1||2.2|
5 years of economic forecasts for more than 30 economic indicators.
Russia Industry Chart
Source: Russian Federal State Statistics Service (Rosstat) and FocusEconomics calculations.
|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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August 22, 2019
Merchandise exports totaled USD 32.5 billion in June, representing a marked 10.5% contraction from the USD 36.3 billion sum recorded in the same month of 2018.
August 15, 2019
Annual industrial output growth came in at 2.8% in July, softening from June’s 3.3% year-on-year jump.
August 12, 2019
GDP growth accelerated to 0.9% year-on-year in the second quarter of 2019, according to a preliminary estimate released on 12 August.
August 7, 2019
In July, consumer prices rose 0.2% from the previous month, compared to June’s flat reading.
Russia: Despite improving, manufacturing PMI remains in contractionary territory in July; services PMI signals mild activity growth
August 5, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit edged up to 49.3% in July, from 48.6 in June.