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.


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Russia Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
1.10 1.70 17.70 -16.90 2000 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-11-18 01:30 PM Oct 2.6% 3% 2.7% 2.5%
2019-12-16 01:00 PM Nov 0.3% 2.6% 2.6% 2.2%
2020-01-23 01:00 PM Dec 2.1% 0.3% 1.4% 1.1%
2020-02-17 01:00 PM Jan 1.1% 1.7% 1.7% 1.5%
2020-03-17 01:00 PM Feb 1.1% 0.2%
2020-04-15 01:00 PM Mar -1.6%
2020-05-21 01:00 PM Apr
2020-06-16 01:00 PM May


News Stream
Russia Industrial Output Rises Less than Forecast
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).
2020-02-17
Russia Industrial Output Growth Beats Estimates
Industrial production in Russia increased 2.1 percent year-on-year in December 2019, accelerating from a two-year low of 0.3 percent in the previous month but below market forecasts of 1.4 percent. Manufacturing output went up 3.4 percent (vs 0.1 percent in November) and production and extraction of raw materials grew 1.8 percent, faster than 1.4 percent in the prior month. Meantime, distribution of electricity, gas fell 5 percent, after being flat in November. On a monthly basis, industrial production climbed 8.9 percent, rebounding from a 2.5 percent slump in November. On a quarterly basis, industrial activity advanced 1.7 percent in the fourth quarter of 2019, much softer than a 2.9 percent gain in the previous three-month period. Considering 2019, industrial output growth slowed to 2.4 percent from 2.9 percent in 2018.
2020-01-23
Russia Industrial Output Grows the Least in 2 Years
Russia's industrial production growth slowed sharply to 0.3 percent year-on-year in November 2019, the weakest since December 2017, from 2.6 percent in the previous month and well below market forecasts of 2.6 percent. Manufacturing output edged up 0.1 percent (vs 3.7 percent in October) and production and distribution of electricity, gas was unchanged (vs 2.5 percent in October), while distribution of water, sewage slumped 8.9 percent (vs -6.7 percent in October). Meanwhile, extraction of raw materials grew 1.4 percent, faster than 0.9 percent in the previous period. On a monthly basis, industrial output was down 2.5 percent.
2019-12-16
Russia Industrial Output Growth Slows to 5-Month Low
Industrial production in Russia increased 2.6 percent year-on-year in October 2019, easing from a 3.0 percent rise in the previous month and slightly below market expectations of 2.7 percent. It was the smallest gain in industrial activity since May, as output slowed for extraction of raw materials (0.9 percent vs 2.5 percent in September); electricity and gas (2.5 percent vs 3.8 percent). In addition, production fell further for distribution of water, sewage (-6.7 percent vs -1.8 percent) while manufacturing output rose faster (3.7 percent vs 3.2 percent). On a monthly basis, industrial production jumped 5.5 percent, following a 2.7 percent gain in September.
2019-11-18

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.