Russia: Industrial production decelerates in April
Latest reading: Industrial production rose 1.9% in annual terms in April, following 2.3% growth in the prior month.
Relative to the previous month’s data, the reading for mining and quarrying worsened in April (-0.4% in annual terms vs +1.0% in March). In contrast, readings improved for manufacturing (+3.1% vs +3.0% in March), electricity, gas, steam and air conditioning supply (+0.9% vs +0.1% in March) and water supply, sewerage, waste management and remediation activities (+0.9% vs -2.4% in March).
In calendar and seasonally adjusted month-on-month terms, industrial production rose 0.3% in April, following a 0.2% rise in the previous month.