Latest reading: Industrial output—excluding energy—recovered following three consecutive monthly declines in April, expanding 3.3% month on month in seasonally and...
Industrial Production in Russia
In the year 2024, the industrial production in Russia was 4.55%, compared to 1.98% in 2014 and 4.29% in 2023. It averaged 2.60% over the last decade. For more industry information, visit our dedicated page.
Russia Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Russia from 2014 to 2024.
Source: Macrobond.
Russia Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -2.1 | 6.3 | 0.9 | 4.3 | 4.6 |
Industrial output growth rises but remains below trend in April
Latest reading: Industrial output rose 1.5% year on year in April, improving from March’s 0.8% increase but remaining weak by pre-Covid standards. Looking at the details of the release, energy output rebounded, and mining and quarrying fell at a softer clip, outweighing a steeper decline in water supply and weaker momentum in manufacturing. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 3.2%, down from March's 3.5%. On a seasonally adjusted monthly basis, industrial output rebounded, rising 0.9% in April (March: -0.7% mom s.a.).
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Russian industry projections for the next ten years from a panel of 11 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Russian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Russian industry projections.
Want to get access to the full dataset of Russian industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
-
Sweden: Industrial output rebounds sharply in April -
Germany: Industrial output returns to the doldrums in April Latest reading: Industrial production decreased 1.4% on a seasonally and calendar-adjusted month-on-month basis in April. The reading was a deterioration... -
Norway: Industrial production rebounds in April Latest reading: Industrial production returned to growth in April, expanding 2.1% month on month in seasonally adjusted terms (March: -0.4%... -
Norway: Industrial production rebounds in April Latest reading: Industrial production returned to growth in April, expanding 2.1% month on month in seasonally adjusted terms (March: -0.4%... -
Latvia: Industrial output rebounds in April Latest reading: Industrial output rose 1.9% in year-on-year terms in April, which contrasted March’s 2.5% decrease. Looking at the details... -
Estonia: Industrial output growth slows in April Latest reading: Industrial output increased 1.5% year on year in seasonally and calendar-adjusted terms in April (March: +3.5% yoy). Looking... -
Portugal: Industrial output recovers tepidly in April Latest reading: Industrial output rebounded by 1.2% month on month in seasonally adjusted terms in April, contrasting March’s 3.9% contraction....