YoY Change in Real Industrial Production in Russia

The year-over-year comparison of real industrial production measures how production activities in Russia's mining, manufacturing, and utilities sectors have increased or decreased compared to the same month of the previous year. This data is published monthly by the Russian Federal State Statistics Service (Rosstat) and is crucial for assessing the activity in the industrial sector.

Year-over-year data helps understand how industrial production has been fluctuating over a long period. An increase in production indicates that the industrial sector is thriving and the economy is expanding. Conversely, a decrease in production suggests that the industrial sector may be stagnating, indicating a slowdown in the economy.

This data serves as a crucial reference for policymakers to assess industrial trends and to formulate appropriate economic policies. It is also an important source of information for businesses and investors to understand the trends in industrial production and to make informed projections about the economy.