Industrial production in Russia fell 2.5 percent year-on-year in January 2021, after a revised 2.1 percent rise in the previous month and compared to market expectations of a 0.1 percent decrease. Output fell for manufacturing (-1 percent vs 7.9 percent in December) and continued to decline for extraction of raw materials (-7.1 percent vs -7.5 percent). Meantime, production of both electricity, gas and steam; air conditioning (7.3 percent vs 5.6 percent) and water supply (10.7 percent vs 6.5 percent) advanced faster. On a monthly basis, industrial production tumbled 21.1 percent, after a 13 percent jump in December. source: Federal State Statistics Service
Industrial Production in Russia averaged 3.11 percent from 2000 until 2021, 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 February of 2021.
Industrial Production in Russia is expected to be 3.50 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 3.80 in 12 months time. In the long-term, the Russia Industrial Production is projected to trend around 3.40 percent in 2022, according to our econometric models.