Industry in Russia
Russia - Industry
Industrial production growth loses pace in October
Industrial output rose 2.6% year-on-year in October, moderating from September’s 3.0% increase and marking the weakest result since May. The downturn reflected a marked cooling in mining sector activity, softer expansion in the electricity, gas and steam, and air conditioning supply sector, as well as a sharper contraction in the water supply and sewage sector. On a more positive note, momentum in the manufacturing sector continued strengthening at the outset of Q4, as output growth edged up to a six-month high in October, softening the overall downturn.
On a monthly basis, industrial production increased 0.3% in seasonally- and calendar-adjusted terms, swinging from September’s 0.1% dip. Meanwhile, annual average growth in industrial production inched down to 2.6% in October, from 2.7% in September.
The FocusEconomics panel of analysts expects industrial output to expand 2.5% next year, which is up 0.2 percentage points from last month’s forecast. For 2021, the panel expects industrial production to increase 2.6%.
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||6.38||0.13 %||Nov 21|
|Exchange Rate||64.02||-0.12 %||Nov 21|
|Stock Market||2,943||-1.03 %||Nov 21|
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December 12, 2019
Annual GDP growth rose to a year-to-date high of 1.7% in the third quarter of 2019, according to a second estimate released by Rosstat on 12 December.
December 6, 2019
In November, consumer prices rose 0.3% over the previous month, up slightly from October’s 0.1% month-on-month uptick and marking the first increase in six months.
December 4, 2019
The IHS Markit Russia Services Business Activity Index came in at 55.6 in November, broadly unchanged from October’s one-year high of 55.8.
Russia: Sliding PMI points to sharpest contraction in manufacturing activity in over a decade in November
December 2, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit fell to an over one-decade low of 45.6 in November, from 47.2 in October.
November 22, 2019
Merchandise exports totaled USD 35.0 billion in September, representing a 9.3% contraction from the USD 38.6 billion sum recorded in the same month of 2018.