Industry in Russia
Russia - Industry
Industrial production growth loses pace in October
Industrial output rose 2.6% year-on-year in October, moderating from September’s 3.0% increase and marking the weakest result since May. The downturn reflected a marked cooling in mining sector activity, softer expansion in the electricity, gas and steam, and air conditioning supply sector, as well as a sharper contraction in the water supply and sewage sector. On a more positive note, momentum in the manufacturing sector continued strengthening at the outset of Q4, as output growth edged up to a six-month high in October, softening the overall downturn.
On a monthly basis, industrial production increased 0.3% in seasonally- and calendar-adjusted terms, swinging from September’s 0.1% dip. Meanwhile, annual average growth in industrial production inched down to 2.6% in October, from 2.7% in September.
The FocusEconomics panel of analysts expects industrial output to expand 2.5% next year, which is up 0.2 percentage points from last month’s forecast. For 2021, the panel expects industrial production to increase 2.6%.
Russia - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 0.4 | 1.6 | -0.8 | 2.1 | 2.2 |
Russia Industry Chart
Source: Russian Federal State Statistics Service (Rosstat) and FocusEconomics calculations.
Russia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 6.38 | 0.13 % | Nov 21 |
| Exchange Rate | 64.02 | -0.12 % | Nov 21 |
| Stock Market | 2,943 | -1.03 % | Nov 21 |
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