Unemployment in Russia
Russia - Unemployment
Growth seems to have recovered slightly in the second quarter, following a lackluster first-quarter performance which was dented by sliding investment activity and faltering exports. In Q2, economic activity picked up slightly on sturdier industrial production growth, which was underpinned by solid manufacturing output, and increased infrastructure spending under the government’s “national projects”. OPEC+ oil production restrictions and lower gas demand capped the increase, however. Meanwhile, although consumer demand metrics weakened, as suggested by retail sales growth decelerating to a two-year low in Q2, there were signs of improving conditions at the end of the quarter. Higher real wages in Q2 and a lower unemployment rate, which dropped to an all-time low in June, boded well for household consumption, which seemingly also benefited from gradually easing inflation thanks to a relatively strong ruble.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 | 7.30 | 0.13 % | Jul 31 |
| Exchange Rate | 63.38 | -0.12 % | Jul 31 |
| Stock Market | 2,740 | -1.03 % | Jul 31 |
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Economic News
Russia: Industrial output growth moderates in July
August 15, 2019
Annual industrial output growth came in at 2.8% in July, softening from June’s 3.3% year-on-year jump.
Russia: Economic growth accelerates in Q2 but remains weak nonetheless
August 12, 2019
GDP growth accelerated to 0.9% year-on-year in the second quarter of 2019, according to a preliminary estimate released on 12 August.
Russia: Inflation ticks down to a fresh year-to-date low in July
August 7, 2019
In July, consumer prices rose 0.2% from the previous month, compared to June’s flat reading.
Russia: Despite improving, manufacturing PMI remains in contractionary territory in July; services PMI signals mild activity growth
August 5, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit edged up to 49.3% in July, from 48.6 in June.
Russia: Manufacturing PMI improves slightly bur remains in contractionary territory in July
August 1, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit edged up to 49.3% in July, from 48.6 in June.
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