Russia's industrial production growth slowed to 1.1 percent in January 2020 from a downwardly revised 1.7 percent in the previous month and below market consensus of 1.7 percent. Manufacturing expansion was little-changed at 3.9 percent, compared to 4.0 percent in December, while output contracted for extraction of raw materials (-0.4 percent vs 0.5 percent) and production and distribution of electricity, gas (-4.7 percent vs -4.8 percent). Meanwhile, distribution of water, sewage rebounded (1.0 percent vs -10.0 percent).
Industrial Production in Russia averaged 3.45 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. source: Federal State Statistics Service
Industrial Production in Russia is expected to be 2.10 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 2.50 in 12 months time. In the long-term, the Russia Industrial Production is projected to trend around 2.50 percent in 2021 and 3.20 percent in 2022, according to our econometric models.