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Industrial Production

A measure of output of the industrial sector of the economy. It measures the amount of output from the manufacturing, mining, electric and gas industries. This measure is calculated by Federal State Statistics Service. Manufacturing is the most important sector and accounts for 55% of total production. A rise in industrial production reflects positive on growth statistics as they reflect on consumer spending and exports.

Russian Industrial Production

Russian Industrial Production declined on a yearly basis for June 2017 by 37.50% compared to previous month’s value. Results were reported at 3.5%, far from previous month’s value of 5.6%, while managing to meet expectations of 3.5%. Industrial Production in Russiapeaked at an all-time high point of17.70% in April of 2000and hit rock-bottom at-16.90% in January of 2009.