Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Russia
PRMNTO01RUQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.54
Year-over-Year Change
13.68%
Date Range
1/1/1999 - 10/1/2021
Summary
This economic trend measures the production volume of the manufacturing sector in Russia, providing insight 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, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Russia metric tracks the output of the manufacturing industry, a key driver of the Russian economy. It serves as an indicator of industrial performance and economic conditions.
Methodology
The data is collected through surveys of manufacturing firms and production facilities across Russia.
Historical Context
This trend is closely monitored by policymakers, economists, and investors to assess the health of the Russian economy.
Key Facts
- Manufacturing accounts for over 15% of Russia's GDP.
- Production volumes declined during the COVID-19 pandemic but have since rebounded.
- This metric is a leading indicator of overall economic performance in Russia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of the manufacturing sector in Russia, providing insight into the overall level of economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by policymakers, economists, and investors as it serves as an indicator of industrial performance and economic conditions in Russia.
Q: How is this data collected or calculated?
A: The data is collected through surveys of manufacturing firms and production facilities across Russia.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, central banks, and analysts to assess the health of the Russian economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to regular updates, but there may be occasional delays or limitations due to the underlying survey-based methodology.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Russia (PRMNTO01RUQ661N), retrieved from FRED.