Industrial production in Russia declined 5.9 percent year-on-year in October of 2020, following a downwardly revised 3.6 percent fall in the previous month and compared to market expectations of a 6.1 percent drop. It was the seventh consecutive monthly decline in industrial activity. Output fell for distribution of electricity & gas (-3.7 percent vs -2.4 percent in September); manufacturing (-3.5 percent vs 0.5 percent); extraction of raw materials (-8.8 percent vs -9.4 percent). On the other hand, production of distribution of water & sewage rebounded (2 percent vs -0.7 percent). On a monthly basis, industrial output climbed 3.8 percent, following a 1.5 percent rise in September. source: Federal State Statistics Service
Industrial Production in Russia averaged 3.15 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 December of 2020.
Industrial Production in Russia is expected to be -2.00 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 3.80 percent in 2021 and 3.40 percent in 2022, according to our econometric models.