Industry in Russia

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Industrial production slows in December

Industrial output growth lost steam in December, according to the Federal State Statistics Service (Rosstat). Industrial production increased 2.0% in annual terms, down from November’s 2.4%. The deceleration was driven by slower mining and quarrying activity along with water supply production.

For the full year 2018, industrial production grew 2.9%, above 2017’s 2.1%. On a monthly basis, industrial production grew 0.1% in December, rebounding from November’s 0.4% fall.

The FocusEconomics panel of analysts expects industrial output to expand 1.9% this year, which is down 0.2 percentage points from last month’s forecast. For 2020, the panel expects industrial production to increase 2.1%.

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 Yield8.380.13 %Feb 14
Exchange Rate65.68-0.12 %Feb 14
Stock Market2,461-1.03 %Feb 14

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