Industrial production in Russia increased 2.3 percent year-on-year in January of 2017, following a downwardly revised 0.2 percent gain in December and missing market expectations of a 2.9 percent rise. Main activities rose at a faster pace: manufacturing (2 percent compared to -1.3 percent in December), mining (3.3 percent compared to 2.1 percent) and water and sewerage (1.6 percent from -0.3 percent) On a monthly basis, industrial output shrank 23.8 percent. Industrial Production in Russia averaged 3.35 percent from 2000 until 2016, 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.
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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. This page provides – Russia Industrial Production – actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Industrial Production – actual data, historical chart and calendar of releases – was last updated on February of 2017.