Industrial production in Russia fell 2.4 percent year-on-year in January of 2023, easing from the 4.3 percent decline in the previous month and below market estimates of a 3.7 percent rise in the previous month. It was the tenth consecutive decline in industrial production, underscoring the impact of Western sanctions and labor shortages due to military mobilization that resulted in the mass emigration of the labor force. Output fell for the extraction of raw materials (-3.1 percent vs -2.6 percent in December), manufacturing (-2.3 percent vs -6.7 percent), and the supply of water and wastewater disposal (-7.5 percent vs -8.2 percent). On the other hand, utility provisions edged 0.7 percent higher after stalling in December. On a seasonally adjusted monthly basis, industrial output fell 0.6 percent. source: Federal State Statistics Service

Industrial Production in Russia averaged 3.07 percent from 2000 until 2023, 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 March of 2023.

Industrial Production in Russia is expected to be -2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Russia Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2023-02-01 04:00 PM Dec -4.3% -1.8% -4.2% -3.9%
2023-02-22 04:00 PM Jan -2.4% -4.3% -3.7% -4.1%
2023-03-29 04:00 PM Feb -2.4% -2.1%


Related Last Previous Unit Reference
Business Confidence -3.30 -2.70 points Feb 2023
Industrial Production Mom -19.40 10.90 percent Jan 2023
Industrial Production -2.40 -4.30 percent Jan 2023
Manufacturing Production -2.30 -5.70 percent Jan 2023
Capacity Utilization 64.00 60.00 percent Nov 2022
Changes in Inventories 1306.10 136.60 RUB Billion Sep 2022
Car Production 136.20 146.50 Thousand Units Apr 2021
Mining Production -3.10 -2.60 percent Jan 2023
Corporate Profits 25925.50 23743.60 RUB Billion Dec 2022
Cement Production 4.92 3.89 Millions of Tonnes Apr 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
-2.40 -4.30 17.70 -16.90 2000 - 2023 percent Monthly

News Stream
Russian Industrial Production Declines for 10th Month
Industrial production in Russia fell 2.4 percent year-on-year in January of 2023, easing from the 4.3 percent decline in the previous month and below market estimates of a 3.7 percent rise in the previous month. It was the tenth consecutive decline in industrial production, underscoring the impact of Western sanctions and labor shortages due to military mobilization that resulted in the mass emigration of the labor force. Output fell for the extraction of raw materials (-3.1 percent vs -2.6 percent in December), manufacturing (-2.3 percent vs -6.7 percent), and the supply of water and wastewater disposal (-7.5 percent vs -8.2 percent). On the other hand, utility provisions edged 0.7 percent higher after stalling in December. On a seasonally adjusted monthly basis, industrial output fell 0.6 percent.
2023-02-22
Russia Industrial Production Shrinks the Most in 2 Years
Industrial production in Russia fell 4.3 percent year-on-year in December of 2022, picking up from the 1.8 percent drop in the previous month and slightly ahead of market estimates pointing to a 4.2 percent contraction. It was the ninth consecutive decline in industrial output and the sharpest since October 2020, underscoring the effects of Western sanctions and labor shortages due to military mobilization, resulting in the mass emigration of the labor force. Output fell for the extraction of raw materials (-2.6 percent vs -2.3 percent in November), manufacturing (-5.7 percent vs -1.6 percent), and water supply and sewage (-8.2 percent vs -10.7 percent). On the other hand, production stalled for electricity, gas, steam, and air-conditioning supply (vs 1.5 percent). Still, industrial production rose by 10.9 percent on a monthly basis and contracted by 0.6 percent in the whole year.
2023-02-01
Russian Industrial Production Contracts Further
Industrial production in Russia fell 1.8 percent year-on-year in November of 2022, easing from a 2.6 percent drop in the previous month and compared to market expectations of a 2.7 percent decline. It was the eighth consecutive decline in industrial output, underscoring the effects of Western sanctions and labor shortages due to military mobilization, resulting in the mass emigration of the labor force. Output fell for the extraction of raw materials (-2.2 percent vs -2.7 percent in October), manufacturing (-1.7 percent vs -2.4 percent), and the distribution of water and sewage (-10.7 percent vs -7.4 percent). On the other hand, production rebounded for electricity and gas (1.5 percent vs -2.4 percent). On a monthly basis, industrial production rose by 1.6 percent, easing from the 5.3 percent jump in the previous month.
2022-12-28