Industry in Russia

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Industrial production growth drops in March

Industrial output growth plunged in March, according to the Federal State Statistics Service (Rosstat). Industrial production increased 1.2% in annual terms, down notably from February’s 4.1% which had marked the best reading since May 2017. Stagnating manufacturing output drove the deceleration along with a deeper fall in production of electricity, gas and air conditioning.

Accordingly, annual average growth in industrial production down to 2.8% in March from 2.9% in February. On a monthly basis, industrial production contracted 0.6%, contrasting February’s 1.2% increase.

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 2.2%.

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

ValueChangeDate
Bond Yield8.280.13 %Jan 30
Exchange Rate66.34-0.12 %Jan 30
Stock Market2,512-1.03 %Jan 30

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