Russia’s industrial output grew 1.2% on the year and 10.3% m/m in March

Russia’s industrial output grew 1.2% on the year and 10.3% m/m in March
Russia's industrial production slowed to 1.2% expansion in March but month-on-month expanded robustly
By bne IntelliNews April 15, 2019

Russia’s industrial output grew 1.2% on the year and 10.3% on the month in March after rising 4.1% and 0.4% on the month in February, the Federal State Statistics Service said in a report on April 15.

The result was a slowdown after February’s surprisingly strong result. Russia’s manufacturing PMI index also put in a much better than expected result in February.

Output of the mineral resource industry grew by 4.3% on the year in March, of the processing industry by 0.3%, of water supply, wastewater treatment and waste recycling by 3.7%, and production of power, gas supply fell by 4.8%.

In January-March, industrial output grew 2.1%.

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