Russia's industrial production growth slowed sharply to 0.3 percent year-on-year in November 2019, the weakest since December 2017, from 2.6 percent in the previous month and well below market forecasts of 2.6 percent. Manufacturing output edged up 0.1 percent (vs 3.7 percent in October) and production and distribution of electricity, gas was unchanged (vs 2.5 percent in October), while distribution of water, sewage slumped 8.9 percent (vs -6.7 percent in October). Meanwhile, extraction of raw materials grew 1.4 percent, faster than 0.9 percent in the previous period. On a monthly basis, industrial output was down 2.5 percent. Industrial Production in Russia averaged 3.40 percent from 2000 until 2019, 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. source: Federal State Statistics Service

Industrial Production in Russia is expected to be 2.60 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 2.30 in 12 months time. In the long-term, the Russia Industrial Production is projected to trend around 3.20 percent in 2020, according to our econometric models.

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Russia Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
0.30 2.60 17.70 -16.90 2000 - 2019 percent Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-09-16 03:30 PM Aug 2.9% 2.8% 2.2% 2.3%
2019-10-16 01:00 PM Sep 3% 2.9% 3% 3.2%
2019-11-18 01:30 PM Oct 2.6% 3% 2.7% 2.5%
2019-12-16 01:00 PM Nov 0.3% 2.6% 2.6% 2.2%
2020-01-23 01:00 PM Dec 0.3% 1.4% 1.1%


News Stream
2019-11-18
Russia Industrial Output Growth Slows to 5-Month Low
Industrial production in Russia increased 2.6 percent year-on-year in October 2019, easing from a 3.0 percent rise in the previous month and slightly below market expectations of 2.7 percent. It was the smallest gain in industrial activity since May, as output slowed for extraction of raw materials (0.9 percent vs 2.5 percent in September); electricity and gas (2.5 percent vs 3.8 percent). In addition, production fell further for distribution of water, sewage (-6.7 percent vs -1.8 percent) while manufacturing output rose faster (3.7 percent vs 3.2 percent). On a monthly basis, industrial production jumped 5.5 percent, following a 2.7 percent gain in September.

2019-10-16
Russia Industrial Output Growth at 3-Month High
Industrial production in Russia increased 3 percent year-on-year in September 2019, following a 2.9 percent rise in the previous month and in line with market expectations. It was the highest gain in industrial activity since June, as output advanced faster for manufacturing (3.2 percent vs 2.7 percent in August) and electricity and gas (3.8 percent vs 2.1 percent). On the other hand, production slowed for extraction of raw materials (2.5 percent vs 3.1 percent) while distribution of water, sewage fell (-1.8 percent vs 4.1 percent). On a monthly basis, industrial production climbed 2.7 percent, following a 2.5 percent gain in August.

2019-09-16
Russia Industrial Output Rises More than Expected
Russia's industrial output growth picked up to 2.9 percent year-on-year in August 2019 from 2.8 percent in the previous month, beating market expectations of 2.2 percent. Output rose at a faster pace for: extraction of raw materials (3.1 percent vs 3.0 percent); production and distribution of electricity, gas (2.1 percent vs 1.7 percent); and distribution of water, sewage (4.1 percent vs 1.6 percent). Meanwhile, Manufacturing production rose at a softer 2.7 percent, compared to 2.8 percent in July.

2019-08-15
Russia Industrial Output Growth Slows to 2.8% in July
Russia's industrial production rose 2.8 percent from a year earlier in July 2019, following a 3.3 percent growth in the previous month and below market expectations of a 3 percent gain. Output advanced at a softer pace for manufacturing (2.8 percent vs 3.4 percent in June) and electricity, gas steam, air conditioning (1.7 percent vs 2.5 percent). In contrast, extraction of raw materials grew 3 percent, up from 2.3 percent in the previous month. Also, water supply, sewage rebounded (1.6 percent vs -1.8 percent). On a monthly basis, industrial production shrank 0.7 percent, after rising 2.3 percent in the preceding month. Considering the first seven months of the year, industrial activity advanced 2.6 percent over a year ago.

2019-07-16
Russia Industrial Output Rises More than Expected
Russia's industrial production rose 3.3 percent from a year earlier in June 2019, following a 0.9 percent growth in the previous month and easily beating market consensus of 2 percent. Manufacturing output jumped 3.4 percent, recovering from a 1 percent drop in May; and production and distribution of electricity, gas increased 2.5 percent, faster than 1.8 percent in the previous month. Meanwhile, extraction of raw materials advanced at a softer 2.3 percent (vs 2.8 percent in May), while distribution of water, sewage slumped 1.8 percent (vs 0.8 percent in May).

2019-06-18
Russia Industrial Output Growth at 17-Month Low
Russia's industrial production growth slowed to 0.9 percent year-on-year in May 2019 from a near two-year high of 4.6 percent in the previous month and below market expectations of 1.5 percent. That was the smallest increase in output since a contraction was seen in December 2017, as manufacturing shrank 1.0 percent (vs 4.7 percent in April). In addition, growth slowed for both extraction of raw materials (2.8 percent vs 4.2 percent) and distribution of water, sewage (0.8 percent vs 7.4 percent). Production and distribution of electricity, gas rose at a faster 1.8 percent in May, compared to 1.0 percent in April.


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.

Russia Business Last Previous Highest Lowest Unit
Business Confidence -6.00 -5.00 7.00 -20.00 points [+]
Manufacturing PMI 47.50 45.60 54.70 45.60 points [+]
Services PMI 53.10 55.60 58.40 41.30 points [+]
Industrial Production 0.30 2.60 17.70 -16.90 percent [+]
Industrial Production Mom -2.50 5.50 24.40 -26.10 percent [+]
Manufacturing Production 0.10 3.70 27.10 -28.10 percent [+]
Capacity Utilization 64.00 65.00 66.00 38.00 percent [+]
Changes in Inventories 1441.30 846.30 2009.30 -1157.20 RUB Billion [+]
Total Vehicle Sales 179235.00 156848.00 291020.00 39497.00 Units [+]
Car Production 139.50 134.70 187.00 18.20 Thousand Units [+]
Car Registrations 179235.00 156848.00 291020.00 39497.00 [+]
Leading Economic Index 1.60 2.30 9.90 -11.80 percent [+]
Internet Speed 11846.17 11607.38 12288.46 1909.63 KBps [+]
IP Addresses 19163474.00 19200437.00 19200437.00 2137082.00 IP [+]
Steel Production 5620.00 5950.00 6804.00 3130.00 Thousand Tonnes [+]
Mining Production 1.40 0.90 10.80 -7.70 percent [+]
Cement Production 5.46 5.96 7.70 1.60 Millions of Tonnes [+]
Competitiveness Index 66.74 65.62 66.74 4.13 Points [+]
Competitiveness Rank 43.00 43.00 67.00 43.00 [+]
Composite Pmi 51.80 52.90 58.30 44.70 points [+]
Bankruptcies 3088.00 2937.00 3697.00 1103.00 Companies [+]
Corporate Profits 13001.90 11689.20 13797.20 -224.00 RUB Billion [+]
Corruption Index 28.00 29.00 29.00 21.00 Points [+]
Corruption Rank 138.00 135.00 154.00 47.00 [+]
Ease of Doing Business 28.00 31.00 124.00 28.00 [+]