Production: Manufacturing: Total Manufacturing for Russia
PRMNTO01RUA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.95
Year-over-Year Change
-132.72%
Date Range
1/1/2000 - 1/1/2021
Summary
The 'Production: Manufacturing: Total Manufacturing for Russia' trend measures the total output of the manufacturing sector in Russia. This indicator provides insight into the health and productivity of the country's industrial base, which is crucial for economic growth and development.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the overall production volume of the Russian manufacturing industry, including the output of factories, workshops, and other facilities engaged in the transformation of raw materials into finished goods. It is a key economic indicator used by policymakers, analysts, and investors to assess the performance and trends within Russia's industrial sector.
Methodology
The data is collected and calculated by the Federal State Statistics Service of Russia.
Historical Context
The 'Production: Manufacturing: Total Manufacturing for Russia' trend is widely referenced in discussions of the Russian economy and its industrial competitiveness.
Key Facts
- Russia is one of the world's largest manufacturing hubs.
- Manufacturing accounts for around 15% of Russia's GDP.
- The sector employs over 10 million people in Russia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total output or production volume of the manufacturing sector in Russia, providing an indicator of the health and productivity of the country's industrial base.
Q: Why is this trend relevant for users or analysts?
A: The 'Production: Manufacturing: Total Manufacturing for Russia' trend is a crucial economic indicator that offers insights into Russia's industrial competitiveness and the performance of its manufacturing sector, which is a significant driver of economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Federal State Statistics Service of Russia.
Q: How is this trend used in economic policy?
A: This trend is widely referenced by policymakers, economists, and market analysts when assessing the health and direction of the Russian economy, as well as the country's industrial competitiveness on the global stage.
Q: Are there update delays or limitations?
A: The data is generally published on a timely basis, but may be subject to revisions and updates as more information becomes available.
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Citation
U.S. Federal Reserve, Production: Manufacturing: Total Manufacturing for Russia (PRMNTO01RUA657S), retrieved from FRED.