Russia Manufacturing Activity

by Eduardo Petazze
Last Updated: January 25, 2015
In Dec'15 industrial production fell 4.5% YoY, with manufacturing output falling by 6.1% YoY.
Manufacturing PMI posted 48.7 indicating a significant manufacturing contraction.
In November 2015 the production of basic goods and services fell by 4.7%, from -4.3% YoY in Oct15
Russian GDP in 3Q2015 decreased by 4.15% YoY (-0.57% QoQ), from -4.65% YoY (-1.31% QoQ) in the 2Q2015
Indices of industrial production and production of basic goods and services of the Russian economy, based on 2010.
Manufacturing Purchasing Managers Index (PMI).

Sources:
Federal State Statistics Service:
The index of output of goods and services in basic economic activities

Industrial production in Jan-Dec15 (Russian)
(in % to the same month last year)
Industrial production
Mining
extraction of fuel and energy minerals
Crude oil and natural gas; services in these areas
uranium and thorium ores
mining, except energy
Manufacturing
food products, beverages and tobacco
textile and clothing
leather, leather products and footwear
wood working and wood products
pulp and paper, publishing and printing
coke and petroleum products
production of coke
production of petroleum products
chemical production
rubber and plastic products
other non-metallic mineral products
metallurgical production and finished metal
machinery and equipment
electrical and optical equipment
transport equipment
Other production
Electricity, gas and water
electricity, gas, steam and hot water
collection, purification and distribution of water
Latest data

(in % to the previous month)

Industrial production
Mining
Manufacturing
Electricity, gas and water
Latest data

Jan
100.9
101.5
101.3
100.1
100.9
105.4
99.9
103.6
73.9
88.2
97.3
93.8
102.6
96.9
102.7
102.7
111.5
107.5
103.0
90.7
95.2
87.2
89.2
101.2
101.3
97.6

Jan
Feb
78.8 99.2
94.5 91.1
67.2 107.6
98.9 89.6

Feb
Mar
98.4
99.4
100.1 100.4
100.2 100.3
99.7 100.1
100.0 100.7
100.1 101.6
97.2
98.1
104.6 102.3
80.3
84.2
80.8
84.3
104.0
97.7
77.3
78.7
103.3 100.9
99.2 100.0
103.4 101.3
105.8 111.4
101.1
95.1
101.2
98.0
96.3
93.4
87.2
95.7
93.1
93.9
77.6
94.8
87.1 100.0
98.3 100.8
98.2 101.1
98.7
95.5

Apr
May
95.5
94.5
99.2
99.1
100.1
99.2
99.8
99.1
100.1
99.4
98.6
98.0
92.8
91.7
99.4
98.5
83.5
76.2
82.7
84.7
95.0
93.1
82.5
88.1
101.8
99.3
105.1 100.3
101.8
99.3
103.6 108.0
89.7
90.8
90.1
88.5
90.7
88.8
85.1
75.1
99.3
87.6
77.8
82.2
93.8
76.2
101.8
98.6
102.4
98.9
94.5
96.2

Mar
Apr May Jun
110.7 93.5 98.6 100.6
110.0 96.7 103.2 98.2
113.6 93.5 99.0 104.0
100.0 87.5 81.0 90.7

Jun
95.2
99.1
99.1
99.1
99.1
100.8
93.4
103.9
93.7
83.4
96.5
90.6
97.2
101.1
97.2
103.9
94.2
93.4
93.7
78.4
94.7
80.1
95.2
99.0
99.1
98.6

Jul
95.3
100.2
100.3
100.1
100.3
99.5
92.9
102.7
82.8
82.1
93.8
92.5
103.1
100.1
103.1
108.6
93.2
88.1
93.3
88.9
91.8
67.8
77.5
99.2
99.5
97.0

Jul
102.3
103.3
101.8
101.7

Aug
100.2
101.7
99.1
101.7

Aug
95.7
100.8
100.4
100.1
100.4
102.4
93.2
100.4
101.9
89.5
96.5
95.7
101.4
96.0
101.5
104.1
95.3
89.2
93.9
85.3
83.5
83.3
78.7
99.3
100.1
93.9

Sep
103.4
99.5
105.6
104.3

Sep
96.3
100.8
100.3
99.6
100.3
103.7
94.6
101.4
98.9
101.2
97.5
97.3
99.5
96.5
99.5
109.3
100.1
88.9
96.3
90.3
90.1
91.8
90.6
97.4
97.5
92.1

Oct
96.4
101.4
100.3
99.7
100.2
105.6
94.1
101.5
92.0
94.1
94.1
98.9
94.9
95.3
94.9
109.2
95.9
90.0
93.1
94.1
84.0
90.3
94.4
96.4
96.3
97.4

Nov Dec
96.5 95.5
99.9 100.1
99.4
99.3
99.4
102.5
94.7 93.9
102.4
96.2
95.3
94.9
97.0
98.2
96.1
98.3
105.7
94.6
88.0
93.5
94.2
98.4
91.9
100.2
96.5 93.7
96.5
96.6

Oct Nov
105.2 99.8
103.3 96.2
102.8 100.2
127.7 109.7

Dec
107.0
104.0
108.4
108.7

The Central Bank of the Russian Federation - Industrial Production Index

Markit:
December 2015
Russia Manufacturing PMI pdf, 3 pages
Markit Russia Services PMI pdf, 3 pages
November 2015
Russia Manufacturing PMI pdf, 3 pages
Russia Services PMI pdf, 3 pages
October 2015 Manufacturing PMI pdf, 3 pages
Russia Manufacturing PMI, September 2015 pdf, 3 pages

Summary
Industrial Production
All Economy Activity Index (*)
Mfg. PMI
NSA
YoY
SA
YoY
NSA
YoY
SA
YoY
2010
100.0
7.3%
100.0
7.2%
100.0
5.8%
100.0
5.8%
2011
105.0
5.0%
105.0
5.0%
51.8
105.5
5.5%
105.5
5.5%
2012
108.5
3.3%
108.7
3.5%
51.7
108.5
2.9%
108.5
2.9%
2013
109.0
0.4%
109.0
0.2%
50.5
109.8
1.2%
109.8
1.2%
2014
110.8
1.7%
110.8
1.7%
49.6
110.4
0.5%
110.4
0.5%
2015
107.1
-3.3%
107.2
-3.3%
48.7
105.3
-4.6%
105.3
-4.6%
2016
102.6
-4.3%
102.6
-4.3%
47.7
99.8
-5.3%
99.8
-5.3%
2017
97.9
-4.5%
97.9
-4.5%
46.8
94.6
-5.1%
94.6
-5.1%
Last data SA data is our own estimate
Own estimate
Industrial Production
All Economy Activity Index (*)
2010=100
Mfg. PMI
NSA
YoY
SA
QoQ
NSA
YoY
SA
QoQ
2014Q1
103.8
1.1%
110.0
0.6%
48.3
96.1
0.2%
110.4
0.1%
2014Q2
107.6
1.8%
111.7
1.5%
48.8
104.4
0.4%
111.4
0.9%
2014Q3
110.6
1.5%
110.8
-0.8%
50.8
117.6
0.9%
110.4
-0.9%
2014Q4
121.2
2.2%
110.6
-0.2%
50.3
123.4
0.5%
109.4
-0.9%
2015Q1
103.5
-0.3%
109.6
-1.0%
48.5
93.8
-2.4%
108.1
-1.2%
2015Q2
102.4
-4.8%
107.1
-2.2%
48.4
97.9
-6.3%
105.5
-2.4%
2015Q3
106.0
-4.1%
106.4
-0.7%
48.4
111.6
-5.1%
104.3
-1.0%
2015Q4
116.6
-3.8%
105.5
-0.9%
49.7
118.0
-4.3%
103.4
-0.9%
Last data SA data is our own estimate
Own estimate
Industrial Production
All Economy Activity Index (*)
2010=100
Mfg. PMI
NSA
YoY
SA
MoM
NSA
YoY
SA
MoM
Dec-14
127.5
4.0%
111.4
1.6%
48.9
127.9
1.8%
109.6
0.4%
Jan-15
100.5
1.0%
110.3
-1.0%
47.6
91.4
-1.1%
108.8
-0.7%
Feb-15
99.7
-1.4%
109.2
-1.0%
49.7
89.7
-3.2%
107.9
-0.8%
Mar-15
110.4
-0.5%
109.2
0.0%
48.1
100.4
-2.9%
107.5
-0.4%
Apr-15
103.2
-4.4%
107.6
-1.5%
48.9
96.4
-5.8%
106.1
-1.3%
May-15
101.7
-5.4%
106.9
-0.7%
47.6
97.3
-6.9%
105.2
-0.9%
Jun-15
102.4
-4.7%
106.9
0.0%
48.7
100.0
-6.1%
105.1
-0.1%
Jul-15
104.7
-4.6%
106.6
-0.3%
48.3
109.0
-5.9%
104.5
-0.6%
Aug-15
104.9
-4.2%
106.4
-0.2%
47.9
108.9
-5.2%
104.4
-0.1%
Sep-15
108.5
-3.6%
106.3
-0.1%
49.1
116.9
-4.3%
104.2
-0.2%
Oct-15
114.1
-3.5%
106.0
-0.3%
50.2
118.7
-4.3%
103.8
-0.4%
Nov-15
113.9
-3.5%
105.7
-0.3%
50.1
112.6
-4.7%
103.4
-0.4%
Dec-15
121.8
-4.5%
104.8
-0.9%
48.7
122.7
-4.1%
103.1
-0.3%
Jan-16
95.9
-4.6%
104.6
-0.2%
47.6
86.1
-5.8%
102.3
-0.8%
Feb-16
95.1
-4.6%
104.3
-0.3%
48.1
84.0
-6.3%
101.8
-0.5%
Mar-16
105.8
-4.2%
103.9
-0.4%
47.5
94.7
-5.7%
101.4
-0.3%
Apr-16
98.6
-4.5%
103.5
-0.4%
47.6
90.7
-5.9%
100.8
-0.6%
May-16
97.1
-4.5%
103.1
-0.4%
47.1
91.7
-5.7%
100.6
-0.1%
Jun-16
97.8
-4.5%
102.8
-0.3%
47.4
94.2
-5.8%
99.7
-0.9%
Last data SA data is our own estimate
Provisional estimate
(*) Output index of agriculture, industrial production (mining, manufacturing, and production and distribution of electricity,
gas and water), construction, transport, wholesale and retail trade.
Own estimate
2010=100