In Russia’s strongest industrial decline in eight years

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В России сильнейший промышленный спад за восемь лет

In November 2017, industrial production in Russia decreased by 3.6% in annual terms, estimated by experts of Rosstat. As a result, the rate of decline was the highest for eight years from October 2009.

Interestingly, analysts had predicted an increase in industrial production in November 2017 0.3% writes “Interfax”.

In General, in January—November 2017 industrial output in the country increased by 1.2%. In October, the industry has shown zero dynamics, in September, the index increased by 0.9%. All the rest of the production grew, except for Feb. While the drop was 2.7%. In may, the growth was the highest for five years — 5.6 percent.

The Ministry of economic development predicts that by the end of the year the industry in Russia will grow by 2%. In 2016, the growth amounted to 1.3%.

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