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.