Russia's industrial production shrank 6.6 year-on-year in April of 2020 after increasing 0.3 percent in the previous month and against market expectations of a 10 percent drop. It was the steepest contraction in industrial production since September of 2009, as output fell for manufacturing (-10 percent vs 2.6 percent in March), extraction of raw materials (-3.2 percent vs -1.7 percent), electricity and gas (-1.9 percent vs -2.2 percent) and distribution of water, sewage (-11.4 percent vs -3.1 percent). On a monthly basis, output plunged 9.2 percent, after a 6.4 percent rise in March.
Industrial Production in Russia averaged 3.40 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 May of 2020. source: Federal State Statistics Service
Industrial Production in Russia is expected to be -15.80 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 3.50 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.