Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Russia
PRMNTO01RUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.20
Year-over-Year Change
71.71%
Date Range
1/1/1999 - 1/1/2021
Summary
This economic trend measures the production volume of the manufacturing sector in Russia, providing insights into the overall level of economic activity.
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
The Production Volume index for the manufacturing sector in Russia is a key indicator of industrial output and economic performance. It is used by economists and policymakers to assess the health and direction of the Russian economy.
Methodology
The data is collected through surveys of manufacturing firms and compiled by the Russian statistical agency.
Historical Context
This trend is closely monitored by the Russian Central Bank and international institutions to gauge the strength of the Russian economy.
Key Facts
- Russia is one of the world's largest manufacturing economies.
- Manufacturing accounts for over 15% of Russia's GDP.
- Production volume is a leading indicator of the broader Russian economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of the manufacturing sector in Russia, providing insights into the overall level of economic activity.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of industrial output and economic performance in Russia, used by economists and policymakers to assess the health and direction of the Russian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms and compiled by the Russian statistical agency.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Russian Central Bank and international institutions to gauge the strength of the Russian economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but may be subject to revisions or delays due to the complexity of data collection.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Russia (PRMNTO01RUA661N), retrieved from FRED.