Unemployment in Russia
Russia - Unemployment
While annual growth nearly doubled in Q3 from Q2’s outturn, available data looks mixed, signaling that the upturn was likely boosted by temporary factors. On the one hand, falling inflation, improving consumer confidence, a stable ruble and monetary easing by the Central Bank boded well for overall domestic demand in Q3. On the other hand, retail sales growth slumped in Q3 amid an uptick in the unemployment rate, signaling that consumer demand remained lackluster in the quarter. Moreover, conditions remained challenging on the external front: Merchandise exports fell at the sharpest pace in three years in Q3 amid faltering commodity prices. Turning to Q4, data paints a similarly mixed picture. Sustained monetary policy easing, lower inflation and a supportive budget policy likely spurred consumption in investment activity at the beginning of the quarter. That said, industrial output growth slumped to a five-month low in October, on a downturn in mining activity.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 | 6.38 | 0.13 % | Nov 21 |
| Exchange Rate | 64.02 | -0.12 % | Nov 21 |
| Stock Market | 2,943 | -1.03 % | Nov 21 |
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Economic News
Russia: Economy grows at strongest pace this year in Q3
December 12, 2019
Annual GDP growth rose to a year-to-date high of 1.7% in the third quarter of 2019, according to a second estimate released by Rosstat on 12 December.
Russia: Inflation falls to 13-month low in November
December 6, 2019
In November, consumer prices rose 0.3% over the previous month, up slightly from October’s 0.1% month-on-month uptick and marking the first increase in six months.
Russia: Services PMI remains close to one-year high in November, while the Composite PMI dips
December 4, 2019
The IHS Markit Russia Services Business Activity Index came in at 55.6 in November, broadly unchanged from October’s one-year high of 55.8.
Russia: Sliding PMI points to sharpest contraction in manufacturing activity in over a decade in November
December 2, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit fell to an over one-decade low of 45.6 in November, from 47.2 in October.
Russia: Trade surplus continues narrowing as exports contract again in September
November 22, 2019
Merchandise exports totaled USD 35.0 billion in September, representing a 9.3% contraction from the USD 38.6 billion sum recorded in the same month of 2018.
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