Production: Mining: Total for Russia
Monthly, Not Seasonally Adjusted
RUSPRMITO01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.31
Year-over-Year Change
10.24%
Date Range
1/1/1999 - 12/1/2021
Summary
This economic indicator measures Russia's monthly industrial production, without seasonal adjustments. It provides insights into the health and growth of the country's manufacturing, mining, and utilities sectors.
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 Russian Industrial Production Index (IPI) tracks changes in the total volume of industrial output across the Russian economy. It is a key metric for evaluating the performance and trends within Russia's industrial base, which is a major driver of economic growth.
Methodology
The data is collected through surveys of industrial enterprises and compiled by Russia's Federal State Statistics Service.
Historical Context
Policymakers and analysts use the Russian IPI to assess the broader health of the Russian economy and inform economic forecasting and decision-making.
Key Facts
- The Russian IPI uses 2015 as its base year.
- Industrial production accounts for around 30% of Russia's GDP.
- Mining and quarrying make up the largest component of the IPI.
FAQs
Q: What does this economic trend measure?
A: The Russian Industrial Production Index (IPI) measures the monthly changes in the total volume of industrial output across Russia's manufacturing, mining, and utilities sectors.
Q: Why is this trend relevant for users or analysts?
A: The Russian IPI is a key indicator of the health and performance of Russia's industrial base, which is a major driver of the country's overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial enterprises and compiled by Russia's Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Russian IPI to assess the broader health of the Russian economy and inform economic forecasting and decision-making.
Q: Are there update delays or limitations?
A: The Russian IPI data is typically released with a 1-2 month delay and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (RUSPRMITO01IXOBM), retrieved from FRED.