Latest reading: Industrial production increased 3.8% on a year-on-year basis in March, following a 3.8% decline in the previous month....
Industrial Production in Russia
The Russian economy recorded an average industrial production growth rate of 2.6% in the decade to 2024. In 2024, industrial production growth was 4.5%. For more industry information, visit our dedicated page.
Russia Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Russia from 2014 to 2025.
Source: Macrobond.
Russia Industry Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 6.3 | 0.9 | 4.3 | 5.6 | 1.0 |
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.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Russian industry projections for the next ten years from a panel of 12 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Russian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Russian industry projections.
Want to get access to the full dataset of Russian industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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Portugal: Industrial production returns to growth in March Latest reading: Industrial production rose 3.2% in calendar and seasonally adjusted month-on-month terms in March, following a 0.3% drop in...