Industry in Russia

Russia Industry | Economic News & Forecasts

Russia - Industry

Industrial output growth ticks up in September

Industrial output, in annual terms, increased 3.0% in September, marginally up from August’s 2.9% year-on-year rise. The reading largely reflected a pick-up in the growth of manufacturing output and a faster acceleration in the electricity, gas and steam, and air conditioning supply sector. This more than offset a slowdown in growth of mining output and a contraction in the water supply and sewage sector.

On a monthly basis, industrial production fell 0.1% in seasonally- and calendar-adjusted terms, contrasting August’s 0.6% rise. Meanwhile, annual average growth in industrial production inched up from 2.6% in August to 2.7% in September.

FocusEconomics panelists expect industrial output to expand 2.3% in 2020, which is down 0.1 percentage points from last month’s forecast. For 2021, the panel also expects industrial production to increase 2.3%.

Russia - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)0.4  1.6  -0.8  2.1  2.2  

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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 Yield7.040.13 %Sep 04
Exchange Rate66.91-0.12 %Sep 04
Stock Market2,793-1.03 %Sep 04

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