2026.05.2723:21:51UTC+00Russia Industrial Output Rises for 2nd Month

Russia’s industrial production grew by 1.9% year-on-year in April 2026, beating market expectations of a 1.6% increase but slowing from the 2.3% expansion recorded in March. Despite the moderation, this was the second consecutive month of growth, supported mainly by stronger manufacturing output, which accelerated to 3.1% from 3.0% in the previous month.

Within manufacturing, the largest gains were seen in the production of transport equipment (up 57.4% vs 32.6% in March), fabricated metal products excluding machinery and equipment (23% vs 0.8%), and basic pharmaceutical products and preparations (15.4% vs 15.9%).

There were also increases in electricity, gas, steam, and air conditioning supply (0.9% vs 0.1%) and in water supply, sewerage, waste management, and remediation services (0.9% vs -2.4%). By contrast, output in mining and quarrying declined by 0.4%, following a 1% rise in March.

On a monthly basis, industrial production fell by 4.1% in April, reversing the sharp 12.4% increase recorded in March.