Unemployment in Russia
Russia - Unemployment
Growth hit a six-year high in 2018, driven by a strengthening external sector and booming construction activity at home. Adding to the positive news, on 8 February, Moody’s upgraded Russia’s credit rating from Ba1 to Baa3 with a stable outlook, raising it to investment grade. Against this backdrop, on 20 February, President Vladimir Putin delivered his annual state-of-the-nation speech. Amid still-weak growth and his tumbling approval ratings, the address was largely devoted to domestic issues. The President pledged to boost social spending through housing subsidies, tax breaks and higher child support payments. Meanwhile, available data signals weaker momentum in Q1: Growth likely moderated in January amid cooling activity in the manufacturing and construction sectors, and softer consumer demand following a rise in the VAT at the beginning of the year.Russia - Unemployment Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Unemployment Rate | 5.5 | 5.2 | 5.6 | 5.5 | 5.2 |
Russia Unemployment Chart
Source: Russian Federal State Statistics Service (Rosstat).
Russia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 8.28 | 0.13 % | Mar 20 |
| Exchange Rate | 64.32 | -0.12 % | Mar 20 |
| Stock Market | 2,504 | -1.03 % | Mar 20 |
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Economic News
Russia: Industrial production growth jumps to almost two-year high in February
March 18, 2019
Industrial output growth gained steam in February, according to the Federal State Statistics Service (Rosstat).
Russia: Exports drop in January
March 15, 2019
Merchandise exports totaled USD 29.8 billion in January, which represented a 11.2% contraction from the USD 33.6 billion sum recorded in the same month of 2018.
Russia: Inflation accelerates in February
March 6, 2019
In February, consumer prices rose 0.4% from the previous month, below the 1.0% increase recorded in January, which had marked the sharpest rise in three years.
Russia: Manufacturing PMI slips again in February
March 1, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit dipped from 50.9 in January to 50.1 in February, marking the third consecutive monthly drop and the weakest reading since September 2018.
Russia: Export growth halves in December
February 25, 2019
Merchandise exports totaled USD 41.4 billion in December, which represented a 10.2% expansion from the USD 37.5 billion sum recorded in the same month of 2017.
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