Industrial production in Russia declined 7.2 percent year-on-year in August of 2020, following an 8 percent slump in the previous month and compared to market expectations of a 7.1 percent drop. It was the fifth consecutive monthly decline in industrial activity. Output fell at a softer pace for extraction of raw materials (-11.8 percent vs -15.1 percent) and distribution of water, sewage (-6.8 percent vs -7.1 percent). On the other hand, production declined faster for manufacturing (-4.1 percent vs -3.3 percent) and production and distribution of electricity, gas (-3.6 percent vs -2.6 percent). On a monthly basis, industrial output rose 2.9 percent, after a 3.4 percent rise in July.

Industrial Production in Russia averaged 3.21 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 September of 2020. source: Federal State Statistics Service

Industrial Production in Russia is expected to be -3.20 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 10.50 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.

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Russia Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-7.20 -8.00 17.70 -16.90 2000 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-06-16 04:20 PM May -9.6% -6.6% -8% -9.2%
2020-07-16 04:00 PM Jun -9.4% -9.6% -7.9% -8.2%
2020-08-17 04:00 PM Jul -8% -9.4% -8% -7.2%
2020-09-15 04:00 PM Aug -7.2% -8% -7.1% -5.6%
2020-10-16 01:00 PM Sep -7.2% -3.2%
2020-11-18 01:00 PM Oct
2020-12-16 01:00 PM Nov


News Stream
Russia Industrial Output Slips for 5th Month
Industrial production in Russia declined 7.2 percent year-on-year in August of 2020, following an 8 percent slump in the previous month and compared to market expectations of a 7.1 percent drop. It was the fifth consecutive monthly decline in industrial activity. Output fell at a softer pace for extraction of raw materials (-11.8 percent vs -15.1 percent) and distribution of water, sewage (-6.8 percent vs -7.1 percent). On the other hand, production declined faster for manufacturing (-4.1 percent vs -3.3 percent) and production and distribution of electricity, gas (-3.6 percent vs -2.6 percent). On a monthly basis, industrial output rose 2.9 percent, after a 3.4 percent rise in July.
2020-09-15
Russia Industrial Output Contracts Sharply in July
Russia's industrial production slumped 8.0 percent from a year earlier, easing from a 9.4 percent contraction in the previous month and matching market consensus. Output fell at a softer pace for manufacturing (-3.3 percent vs -6.4 percent in June), extraction of raw materials (-15.1 percent vs -14.2 percent) and production and distribution of electricity, gas (-2.6 percent vs -4.8 percent). At the same time, distribution of water, sewage plunged 7.1 percent in July, compared to a 6.5 percent drop in the previous period.
2020-08-17
Russia Industrial Output Falls More than Expected
Industrial production in Russia declined 9.4 percent year-on-year in June of 2020, following a 9.6 percent fall in the previous session and compared to market expectations of a 7.9 percent drop. It was the third consecutive monthly fall in industrial activity, as output decreased for manufacturing (-6.4 percent vs -7.2 percent) and distribution of water, sewage (-6.5 percent vs -10.9 percent); extraction of raw materials (-14.2 percent vs -13.5 percent) and electricity and gas (-4.8 percent vs -4.1 percent). On a monthly basis, industrial output rose 2.4 percent, after a 5.5 percent decline in May. Considering the second quarter of 2020, industrial output tumbled 8.4 percent, after an 11.8 percent slump in Q1.
2020-07-16
Russia Industrial Output Drops More than Expected
Russia's industrial production declined 9.6 percent year-on-year in May of 2020, following a 6.6 percent fall in the previous month and compared to market expectations of an 8 percent drop. It was the steepest contraction in industrial production since August of 2009, as output fell for extraction of raw materials (-13.5 percent vs -3.2 percent), electricity and gas (-4.1 percent vs -1.9 percent), manufacturing (-7.2 percent vs -10 percent) and distribution of water, sewage (-10.9 percent vs -11.4 percent). On a monthly basis, industrial output slumped 5.5 percent, after a 9.2 percent plunge in April.
2020-06-16

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.