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.