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.