International Reserves in Russia
Russia - International Reserves
Economic conditions seemed to improve somewhat in Q3, after GDP shrank at the sharpest rate in a decade in Q2. In Q3, economic activity fell at a much softer pace than Q2’s average, supported by a gradual recovery in the vital industrial sector, as manufacturing firms continued to ramp up capacity, which partly offset sliding mining output. Moreover, the easing of restrictions should have boosted household spending: The drop in retail sales softened considerably in Q3, which, coupled with an uptick in consumer confidence, points to returning consumer demand. That said, a weaker ruble and rising unemployment rate likely tempered the rebound. Externally, conditions were more downbeat: Merchandise exports continued to slide in July–August amid constrained domestic oil output and depressed global crude prices. Turning to Q4, worsening private sector conditions and surging new Covid-19 cases threaten to derail the fragile recovery.Russia - International Reserves Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| International Reserves (USD) | 368 | 378 | 433 | 468 | 554 |
Russia International Reserves Chart
Source: Central Bank of the Russian Federation (CBR).
Russia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 6.23 | 0.13 % | Dec 30 |
| Exchange Rate | 62.03 | -0.12 % | Dec 30 |
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Economic News
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Russia: Inflation hits highest level since May 2019 in December
December 31, 2020
Consumer prices increased 0.80% in December over the previous month, picking up from the 0.71% rise recorded in November.
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Russia: Services PMI edges down in December
December 31, 2020
The IHS Markit Russia Services Business Activity Index edged down to 48.0 in December, from to 48.2 in November.
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Russia: Third estimate confirms softer GDP contraction in Q3
December 30, 2020
A third national accounts estimate, released by Rosstat on 30 December, confirmed that GDP contracted 3.4% year-on-year in the third quarter.
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Russia: Central Bank holds key rate steady in December
December 18, 2020
At its meeting on 18 December, the Board of Directors of the Central Bank of the Russian Federation (CBR) kept the key interest rate unchanged at a record low of 4.25%.
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Russia: Contraction in industrial output softens in November
December 16, 2020
Industrial output decreased 2.6% year-on-year in November (October: -5.5% yoy).
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