Latest reading: Industrial production was up 0.5% on a seasonally adjusted month-on-month basis in May, stable from the prior month’s...
Industrial Production in Russia
The Russian economy recorded an average industrial production growth rate of 2.6% in the decade to 2024. In 2024, industrial production growth was 4.5%. 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 2025.
Source: Macrobond.
Russia Industry Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 6.3 | 0.9 | 4.3 | 5.1 | 1.3 |
Industrial production contracts in May
Latest reading: Industrial production declined 0.7% on a year-on-year basis in May, following a 1.9% increase in the previous month. Relative to the prior month's figures, readings in May softened for manufacturing (+0.5% in annual terms vs +3.1% in April), mining and quarrying (-2.7% vs -0.4% in April), electricity, gas, steam and air conditioning supply (-2.2% vs +0.9% in April) and water supply, sewerage, waste management and remediation activities (-3.4% vs +0.9% in April). In calendar and seasonally adjusted month-on-month terms, industrial production was down 0.8% in May, following a 0.3% increase in the prior month.
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 13 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
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Japan: Industrial production steadies in May -
Italy: Industrial production shrinks in May Latest reading: Industrial production declined 0.3% in seasonally adjusted month-on-month terms in May, following 0.4% growth in the prior month.... -
Bulgaria: Industrial production shrinks more quickly in May Latest reading: Industrial production was down 6.0% on a year-on-year basis in May, following a 4.1% decline in the prior... -
Netherlands: Industrial production stagnates in May Latest reading: Industrial production—excluding construction—stagnated in calendar and seasonally adjusted month-on-month terms in May, following a 1.9% rise in the... -
Czech Republic: Industrial production shrinks in May Latest reading: Industrial production was down 0.5% on a seasonally adjusted month-on-month basis in May, following a 1.5% rise in... -
Turkey: Industrial production contracts in May Latest reading: Industrial production was down 2.9% on a seasonally adjusted month-on-month basis in May, following a 3.7% increase in... -
France: Industrial production falls in May Latest reading: Industrial production—excluding construction—fell 0.1% in working-day and seasonally adjusted month-on-month terms in May, following a 0.3% rise in...