Industrial production in Russia rose 1.1 percent year-on-year in March of 2021, after a revised 3.2 percent drop in the previous month and compared to market expectations of a 1 percent decrease. It was the first monthly gain in 2021, as manufacturing production rebounded (4.2 percent vs 1.7 percent in February) while electricity, gas and steam; air conditioning output rose faster (11 percent vs 9.0 percent). Also, extraction of raw materials production declined less (-5.6 percent vs -9.0 percent). In contrast, water supply output went up at a softer pace (9.7 percent vs 10.8 percent). On a monthly basis, industrial production jumped 12.2 percent, recovering from a 0.9 percent drop in February. source: Federal State Statistics Service
Industrial Production in Russia averaged 3.08 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 April 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 2.80 in 12 months time. In the long-term, the Russia Industrial Production is projected to trend around 3.40 percent in 2022 and 2.00 percent in 2023, according to our econometric models.