Industry in Russia

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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  

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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

Bond Yield8.490.13 %Aug 15
Exchange Rate66.75-0.12 %Aug 15
Stock Market2,267-1.03 %Aug 15

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