Wages in Manufacturing in Russia increased to 47231 RUB/Month in December from 40101 RUB/Month in November of 2018. Wages in Manufacturing in Russia averaged 23604.54 RUB/Month from 2005 until 2018, reaching an all time high of 47231 RUB/Month in December of 2018 and a record low of 7397 RUB/Month in January of 2005.
Wages in Manufacturing in Russia is expected to be 42600.00 RUB/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Manufacturing in Russia to stand at 47000.00 in 12 months time. In the long-term, the Russia Average Monthly Nominal Wages in Manufacturing is projected to trend around 51000.00 RUB/Month in 2020, according to our econometric models.