Russia's industrial production declined 9.6 percent year-on-year in May of 2020, following a 6.6 percent fall in the previous month and compared to market expectations of an 8 percent drop. It was the steepest contraction in industrial production since August of 2009, as output fell for extraction of raw materials (-13.5 percent vs -3.2 percent), electricity and gas (-4.1 percent vs -1.9 percent), manufacturing (-7.2 percent vs -10 percent) and distribution of water, sewage (-10.9 percent vs -11.4 percent). On a monthly basis, industrial output slumped 5.5 percent, after a 9.2 percent plunge in April.

Industrial Production in Russia averaged 3.35 percent from 2000 until 2020, reaching an all time high of 17.70 percent in April of 2000 and a record low of -16.90 percent in January of 2009. This page provides - Russia Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Federal State Statistics Service

Industrial Production in Russia is expected to be -3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Russia to stand at 10.50 in 12 months time. In the long-term, the Russia Industrial Production is projected to trend around 8.00 percent in 2021 and 3.20 percent in 2022, according to our econometric models.

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Russia Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-9.60 -6.60 17.70 -16.90 2000 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-03-17 01:00 PM Feb 3.3% 1.1% 1% 0.7%
2020-04-22 01:00 PM Mar 0.3% 3.3% 0.5% 0.2%
2020-05-21 06:00 PM Apr -6.6% 0.3% -10% -9.4%
2020-06-16 04:20 PM May -9.6% -6.6% -8% -9.2%
2020-07-15 01:00 PM Jun -9.6% -7.9% -8.2%
2020-08-14 01:00 PM Jul
2020-09-16 01:00 PM Aug
2020-10-16 01:00 PM Sep -3.2%


News Stream
Russia Industrial Output Drops More than Expected
Russia's industrial production declined 9.6 percent year-on-year in May of 2020, following a 6.6 percent fall in the previous month and compared to market expectations of an 8 percent drop. It was the steepest contraction in industrial production since August of 2009, as output fell for extraction of raw materials (-13.5 percent vs -3.2 percent), electricity and gas (-4.1 percent vs -1.9 percent), manufacturing (-7.2 percent vs -10 percent) and distribution of water, sewage (-10.9 percent vs -11.4 percent). On a monthly basis, industrial output slumped 5.5 percent, after a 9.2 percent plunge in April.
2020-06-16
Russia Industrial Output Falls the Most Since 2009
Russia's industrial production shrank 6.6 year-on-year in April of 2020 after increasing 0.3 percent in the previous month and against market expectations of a 10 percent drop. It was the steepest contraction in industrial production since September of 2009, as output fell for manufacturing (-10 percent vs 2.6 percent in March), extraction of raw materials (-3.2 percent vs -1.7 percent), electricity and gas (-1.9 percent vs -2.2 percent) and distribution of water, sewage (-11.4 percent vs -3.1 percent). On a monthly basis, output plunged 9.2 percent, after a 6.4 percent rise in March.
2020-05-21
Russia Industrial Output Growth Below Estimates
Industrial production in Russia edged up 0.3 percent year-on-year in March of 2020, easing from a 3.3 percent rise in the previous month and below market expectations of a 0.5 percent increase. It was the lowest gain in industrial activity since May of 2019, as output fell for extraction of raw materials (-1.7 percent vs 2.3 percent in February); water, sewage (-3.1 percent vs -1.4 percent) and production and distribution of electricity, gas (-2.2 percent vs -0.2 percent). Meantime manufacturing output slowed (2.6 percent vs 5 percent). On a monthly basis, industrial production jumped 6.4 percent, rebounding from a 0.6 percent drop in February. Considering the first quarter of 2020, industrial production grew 1.5 percent from a year earlier, slowing from a 1.8 percent gain in Q4 2019.
2020-04-22
Russia Industrial Output Growth at 5-Month High of 3.3%
Industrial production in Russia rose 3.3 percent year-on-year in February 2020, accelerating from a 1.1 percent gain in the previous month and well above market expectations of a 1 percet increase. It was the highest gain in industrial activity since September 2019, as output advanced faster for manufacturing (5 percent vs 3.9 percent in January) and rebounded for extraction of raw materials (2.3 percent vs -0.4 percent). On the other hand, output fell for water, sewage (-1.4 percent vs 1 percent) and production and distribution of electricity, gas (-0.2 percent vs -4.7 percent). On a monthly basis, industrial production edged down 0.6 percent, following a 17.3 percent plunge in January.
2020-03-17

Russia Industrial Production
In Russia, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 55 percent of total production. The biggest segments within manufacturing are: metallurgy (9.6 percent); coke and refined petroleum products (9.5 percent); food beverages and tobacco (8.4 percent); chemicals (4 percent); machinery and equipment (3.8 percent); transport (3.7 percent) and electrical equipment (3.4 percent). Mining and quarrying accounts for 35 percent, and natural gas and crude oil exploration represents 29 percent of total output. Also, electricity, gas and water supply accounts for 11 percent.