Latest reading: Industrial production expanded 12.7% on a year-on-year basis in June, following a 8.8% rise in the previous month....
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 returns to growth in June
Latest reading: Industrial production was up 0.6% on a year-on-year basis in June, following a 0.7% drop in the previous month. Relative to the prior month's data, readings in June improved for manufacturing (+2.6% in annual terms vs +0.5% in May), mining and quarrying (-2.4% vs -2.7% in May), electricity, gas, steam and air conditioning supply (-1.4% vs -2.2% in May) and water supply, sewerage, waste management and remediation activities (-1.2% vs -3.4% in May). In calendar and seasonally adjusted month-on-month terms, industrial production increased 0.1% in June, following a 0.8% decline 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.
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Russia: Industrial production returns to growth in June Latest reading: Industrial production was up 0.6% on a year-on-year basis in June, following a 0.7% drop in the previous...