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
|Industrial Production (annual variation in %)||0.4||1.6||-0.8||1.3||1.0|
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||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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October 1, 2018
Business conditions in Russia’s manufacturing sector improved in September.
September 26, 2018
Industrial output growth lost steam in August, according to the Federal State Statistics Service (Rosstat).
September 14, 2018
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.
September 13, 2018
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.
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.