Industry in Russia
Russia - Industry
Industrial production growth eases in August
Industrial output growth lost steam in August, according to the Federal State Statistics Service (Rosstat). Industrial production increased 2.7% in annual terms, down from July’s 3.9%. The slowdown was driven by a deceleration in manufacturing output.
Annual average industrial production growth inched down to 2.1% in August (July: 2.2%). Month-on-month data revealed unchanged industrial activity, with industrial production growth resting at July’s 0.3% in August.
The FocusEconomics panel of analysts expects industrial output to expand 2.4% this year, which is unchanged from last month’s forecast. For 2019, the panel expects industrial production to increase 2.1%, also unchanged from the previous month’s forecast.
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 % | Oct 22 |
| Exchange Rate | 65.81 | -0.12 % | Oct 22 |
| Stock Market | 2,309 | -1.03 % | Oct 22 |
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Economic News
Russia: Manufacturing PMI rises in September
October 1, 2018
Business conditions in Russia’s manufacturing sector improved in September.
Russia: Industrial production growth eases in August
September 26, 2018
Industrial output growth lost steam in August, according to the Federal State Statistics Service (Rosstat).
Russia: Central Bank unexpectedly hikes key rate in September
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At its 14 September meeting, the Board of Directors of the Central Bank of the Russian Federation (CBR) increased the key interest rate to 7.50% from 7.25%, surprising market analysts who had expected the rate to remain unchanged.
Russia: Export growth soars in July
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Merchandise exports totaled USD 34.4 billion in July, which represented a strong 39.5% expansion from the USD 24.7 billion sum recorded in the same month last year.
Russia: Growth gains further momentum in Q2
September 12, 2018
A second estimate of national accounts data released by Rosstat on 10 September shows that the economic recovery gained further steam in the first quarter, following a sharp slowdown at the end of last year.
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