Latest reading: Manufacturing production fell 4.9% in annual terms in July, following a 2.1% increase in the prior month. The...
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. %) | 5.4 | 0.5 | 4.1 | 4.6 | 1.1 |
Industrial production decelerates in July
Latest reading: Industrial production was up 0.4% in annual terms in July, following a 0.7% rise in the previous month. Relative to the previous month's figures, readings in July softened for manufacturing (+2.4% in annual terms vs +2.8% in June) and electricity, gas, steam and air conditioning supply (-4.0% vs -1.4% in June). In contrast, the reading for water supply, sewerage, waste management and remediation activities improved in July (+2.8% vs -3.5% in June). Finally, the variation in mining and quarrying was the same as in the prior month (-2.6% in July and June). In calendar and seasonally adjusted month-on-month terms, industrial production increased 0.1% in July, following 0.2% growth in the previous 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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Argentina: Manufacturing production shrinks in July -
Denmark: Manufacturing production shrinks in July Latest reading: Manufacturing production fell 5.5% on a seasonally adjusted month-on-month basis in July, following a 6.2% rise in the... -
Latvia: Industrial production falls in July Latest reading: Industrial production fell 0.1% on a calendar-adjusted year-on-year basis in July, following a 0.5% rise in the prior... -
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Germany: Industrial production contracts in July Latest reading: Industrial production fell 1.1% in calendar-adjusted month-on-month terms in July, following a flat reading in the previous month.... -
Czech Republic: Industrial production shrinks in July Latest reading: Industrial production was down 1.1% on a seasonally adjusted month-on-month basis in July, following 1.4% growth in the... -
Norway: Industrial production contracts in July Latest reading: Industrial production declined 7.1% in seasonally adjusted month-on-month terms in July, following 7.6% growth in the previous month....