Industry in Russia

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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

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)0.4  1.6  -0.8  2.1  2.2  

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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

ValueChangeDate
Bond Yield7.300.13 %Jul 31
Exchange Rate63.38-0.12 %Jul 31
Stock Market2,740-1.03 %Jul 31

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