Russia: Industrial production recovers in March
Latest reading: Industrial production rose 2.3% in annual terms in March, following a 0.9% decline in the prior month.
Relative to the prior month’s data, readings in March improved for manufacturing (+3.0% in annual terms vs -2.8% in February) and mining and quarrying (+1.0% vs +0.9% in February). In contrast, readings worsened for electricity, gas, steam and air conditioning supply (+0.1% vs +3.6% in February) and water supply, sewerage, waste management and remediation activities (-2.4% vs -2.1% in February).
On a calendar and seasonally adjusted month-on-month basis, industrial production rose 0.2% in March, unchanged from the previous month’s reading.