The volume of industrial production in the Russian Federation in January-April increased by 0.6%

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AK&M 31 May 2023 20:00

The volume of industrial production in the Russian Federation in April 2023 increased by 5.2% year-on-year. Compared to the previous month, it decreased by 5%. In January-April, industrial production increased by 0.6%. This was reported by Rosstat.

The main driver of growth in April was an increase in the volume of output in manufacturing industries (+8% year-on-year).

Mining production increased by 3.1% compared to April 2022. Compared to March, the indicator decreased by 3.8%.

The energy sector showed a decrease in the index both compared to April 2022 and compared to March 2023 - by 1.4% and by 14.6%, respectively.