Production: Manufacturing: Total Manufacturing for Russia
Growth rate previous period
RUSPRMNTO01GPSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.34
Year-over-Year Change
-43.82%
Date Range
2/1/1999 - 12/1/2021
Summary
This economic indicator measures the month-over-month growth rate of industrial production in Russia. It provides insights into the pace of the country's industrial activity and economic growth.
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 growth rate previous period metric tracks the percent change in Russia's industrial production compared to the prior month. This metric is a key indicator of the manufacturing and industrial sector's performance, which is crucial for monitoring Russia's broader economic conditions.
Methodology
The data is collected and calculated by Russia's Federal State Statistics Service.
Historical Context
Policymakers and analysts use this metric to assess the health of the Russian economy and inform macroeconomic decisions.
Key Facts
- Russia is one of the world's largest industrial economies.
- Industrial production accounts for over 30% of Russia's GDP.
- The growth rate previous period metric is released monthly.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the month-over-month percent change in Russia's industrial production, providing insights into the pace of the country's manufacturing and industrial activity.
Q: Why is this trend relevant for users or analysts?
A: The growth rate previous period is a crucial metric for monitoring the health of Russia's economy, as the industrial sector is a significant driver of the country's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Russia's Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the state of the Russian economy and inform macroeconomic decisions, such as monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The growth rate previous period data is released monthly by the Russian statistical agency.
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Citation
U.S. Federal Reserve, Growth rate previous period (RUSPRMNTO01GPSAM), retrieved from FRED.