Industry in Russia
Russia - Industry
Industrial production growth slides to six-month low
Industrial output growth eased in June, according to the Federal State Statistics Service (Rosstat). Industrial production increased 2.2% in annual terms, down from the 3.7% rise registered in May and the softest print since December. The result was driven chiefly by a contraction in mining output and weaker growth in manufacturing output.
Annual average industrial production growth inched down to 1.9% in June from 2.0% in May. Month-on-month data corroborated deteriorating economic conditions, with industrial production contracting 0.6% (May: +0.5% month-on-month).
The FocusEconomics panel of analysts expects industrial output to expand 2.2% this year, which is up 0.2 percentage points from last month’s forecast. For 2019, the panel expects industrial production to increase 1.9%.
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 | 8.49 | 0.13 % | Aug 15 |
| Exchange Rate | 66.75 | -0.12 % | Aug 15 |
| Stock Market | 2,267 | -1.03 % | Aug 15 |
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Economic News
Russia: Export growth moderates in June
August 13, 2018
Merchandise exports totaled USD 36.6 billion in June, which represented a solid 23.8% expansion from the USD 29.5 billion sum recorded in the same month last year.
Russia: Central Bank holds key rate unchanged again in July
July 27, 2018
At its 27 July meeting, the Board of Directors of the Central Bank of the Russian Federation (CBR) decided to hold the key interest rate unchanged at 7.25% for the third consecutive meeting.
Russia: Export growth moderates in May
July 23, 2018
Merchandise exports totaled USD 36.5 billion in May, which represented a solid 29.2% expansion from the USD 28.3 billion sum recorded in the same month last year.
Russia: Industrial production growth slides to six-month low
July 16, 2018
Industrial output growth eased in June, according to the Federal State Statistics Service (Rosstat).
Russia: Inflation inches down in June
July 11, 2018
In June, consumer prices rose 0.5% from the previous month, slightly above May’s 0.4% increase and market expectations of a 0.4% rise.
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