Russian Federation Industrial Production

Last Release

Oct 31, 2024

Actual

4.8

Units In

3.2

Frequency

Monthly

Next Release

Dec 25, 2024

Time to Release

26 Days 16 Hours

Highest	Lowest	Average	Date Range	Source
17.7 Apr 2000	-16.9 Jan 2009	3.16 %	2000-2024	Federal State Statistics Service

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.

Latest Updates

Industrial production in Russia advanced by 4.8% year-on-year in October 2024, up from a 3.2% rise in September and above market expectations of a 3% increase. This was the strongest expansion in industrial activity since May, prompted by massive government spending and military production tied to the war effort. Output growth accelerated for manufacturing (9.6% vs 6.6% in September), notably radar, radio navigation and remote control equipment (+78.8%); particle boards and similar boards made of wood or other woody materials (+67.8%) and passenger cars (+54.1%). On the other hand, production eased in electricity, gas production and distribution (1% vs 1.7%), while declines were seen for raw material extraction (-2% vs -1.8%) alongside water distribution, sewage (-1.4% vs -3.1%). Monthly, industrial output jumped by 6.6% in October, the most in seven months. Year-to-date, industrial production grew by 4.4% compared to the same period a year ago.