Industry in Russia

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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

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
Note: Annual variation of industrial production in %.
Source: Russian Federal State Statistics Service (Rosstat) and FocusEconomics calculations.

Russia Facts

ValueChangeDate
Bond Yield8.490.13 %Oct 22
Exchange Rate65.81-0.12 %Oct 22
Stock Market2,309-1.03 %Oct 22

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