Wages in Manufacturing in Russia decreased to 40200 RUB/Month in February from 47231 RUB/Month in December of 2018. Wages in Manufacturing in Russia averaged 23702.74 RUB/Month from 2005 until 2019, reaching an all time high of 47231 RUB/Month in December of 2018 and a record low of 7397 RUB/Month in January of 2005.
Wages in Manufacturing in Russia is expected to be 40427.06 RUB/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Manufacturing in Russia to stand at 48033.93 in 12 months time. In the long-term, the Russia Average Monthly Nominal Wages in Manufacturing is projected to trend around 50218.99 RUB/Month in 2020, according to our econometric models.