Unemployment in Russia
Russia - Unemployment
A second GDP estimate confirmed that growth remained lackluster in the second quarter, despite strengthening somewhat from the first quarter. This was chiefly due to frailer dynamics in the all-important industrial sector: Mining activity lost traction amid weak global oil prices and constrained domestic production, while manufacturing output growth remained feeble and construction activity was stagnant in Q2. Turning to the third quarter, incoming data points to gradually improving momentum. Economic activity accelerated considerably in July–August, supported by robust industrial output growth. That said, consumer demand remained weak, reflected in slowing retail sales in July–August amid softening labor market metrics, while lower crude prices in the same two months boded ill for the external sector, with exports likely dipping for a fifth consecutive month in August.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 | 7.04 | 0.13 % | Sep 04 |
| Exchange Rate | 66.91 | -0.12 % | Sep 04 |
| Stock Market | 2,793 | -1.03 % | Sep 04 |
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Economic News
Russia: Inflation dips to 10-month low in September
October 4, 2019
In September, consumer prices fell 0.2% over the previous month, matching August’s result which had marked the first drop in monthly prices in nearly two years.
Russia: Consumer confidence improves but remains firmly entrenched in negative territory in Q3
October 4, 2019
The consumer confidence index published by the Federal Statistics Service (Rosstat) on 4 October edged up to minus 13 points in the third quarter, from minus 15 points in the second quarter.
Russia: Composite PMI broadly unchanged in September amid diverging trends in manufacturing and services sectors
October 3, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit dived to 46.3 in September, from 49.1 in August, marking the worst result since May 2009.
Russia: Growth picks up in Q2 on sturdier domestic demand
October 2, 2019
Annual growth accelerated to 0.9% in the second quarter, as confirmed by a third estimate of national accounts data released by Rosstat on 2 October.
Russia: Manufacturing PMI slumps to over 10-year low
October 1, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit dived to 46.3 in September, from 49.1 in August, and the worst result since May 2009.
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