Russia Industrial Production Rebounds in June

Industrial production in Russia rose 0.6% year-on-year in June 2026, rebounding from a revised 0.7% decline in May and exceeding market expectations of a 0.1% increase. Manufacturing was the main driver, with output growth accelerating to 2.6% from 0.5%. Elsewhere, contractions eased in mining, to a 2.4% drop following a 2.7% decline, electricity, gas, steam and air conditioning supply (-1.4% vs. -2.2%), and water supply, sewerage, waste management and remediation activities (-1.2% vs. -3.4%). On a seasonally adjusted monthly basis, industrial production edged up 0.1%, following a 0.8% decline in May. In the first half of 2026, industrial output increased 0.4% compared with the same period a year earlier.

Industrial production in Russia declined by 0.7% year-on-year in May 2026, reversing a 1.9% gain in the previous month. Output declines were recorded in mining, extending a decline to 2.7% from 0.4% in the previous month, followed by weakened activity in the provision of electricity, gas and steam, air conditioning (-2.2% vs 0.9%) and water supply, sanitation, waste collection and disposal, pollution control activities (-3.4% vs 0.9%). Manufacturing growth slowed sharply, increasing only 0.5% compared to 3.1%. On a seasonally adjusted monthly basis, industrial production declined 0.8% in May, following an increase of 0.3% in the prior period.

Industrial production in Russia rose by 1.9% year-on-year in April 2026, surpassing market expectations of a 1.6% increase but easing from a 2.3% gain in the previous month. Still, the latest figure marked the second consecutive month of growth, largely driven by increased production in the manufacturing sector, which grew 3.1% from 3% in March. Output mainly increased in the manufacture of transport equipment (57.4% vs 32.6%), fabricated metal products, except machinery and equipment (23% vs 0.8%), and basic pharmaceutical products and preparations (15.4% vs 15.9%). In addition, activity rose for electricity, gas, steam, and air conditioning supply (0.9% vs 0.1%) and water supply, sewerage, waste management and remediation services (0.9% vs -2.4%). Meanwhile, output declined for mining and quarrying (-0.4% vs 1%). On a monthly basis, industrial activity dropped by 4.1%, reversing a 12.4% rise in March.