Unemployment in Russia
Russia - Unemployment
Comprehensive GDP data revealed a stronger expansion in the third quarter of 2018 than previously estimated, revising growth up to 1.5% annually. Despite the upward revision, the recovery still lost steam overall in the third quarter, as deteriorating consumption dynamics and a poor performance by the agricultural sector weighed on activity. Available data for the fourth quarter suggests that growth likely gained steam. Rising oil production likely buttressed activity, despite the fact that the price of Ural oil sunk to the lowest level since June 2017 in December. In the political arena, OPEC, Russia and other allies agreed to further limit oil production on 7 December, in an attempt to boost failing oil prices. On a bright note, in the same month, the U.S. Treasury announced plans to lift sanctions on several Russian companies linked to Oleg Deripaska, including aluminum giant Rusal, after Deripaska ceded control.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 | 8.23 | 0.13 % | Jan 16 |
| Exchange Rate | 67.08 | -0.12 % | Jan 16 |
| Stock Market | 2,435 | -1.03 % | Jan 16 |
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Economic News
Russia: Consumer confidence worsens in Q4
January 17, 2019
The consumer confidence index published by the Federal Statistics Service (Rosstat) dropped to minus 17 points in the final quarter of 2018, deteriorating from the third quarter’s minus 14 points.
Russia: Manufacturing and services PMIs fall modestly in December
December 29, 2018
Leading indicators suggest that business conditions in Russia weakened slightly at the end of 2018.
Russia: Inflation jumps to 18-month high in December
December 29, 2018
According to preliminary data, in December, consumer prices rose 0.8% from the previous month, above the 0.5% increase recorded in November and the sharpest rise in nearly three years.
Russia: Rosstat revises Q3 growth up slightly
December 29, 2018
A comprehensive estimate of national accounts data released by Rosstat on 29 December revealed that the Russian economy grew 1.5% over the same period of the previous year in the third quarter of 2018, slightly above the preliminary reading of a 1.3% expansion.
Russia: Export growth accelerates in October
December 22, 2018
Merchandise exports totaled USD 41.3 billion in October, which represented a robust 30.8% expansion from the USD 31.6 billion sum recorded in the same month in 2017.
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