Rosstat recorded the stagnation of industrial production
In annual terms, the production of industrial products in February has not actually grew up (a formal increase of 0.2% against 2.2% growth in January 2025), Rosstat said. The production decreased by 4.9%, energy – by 3%, water supply and sanitation, waste disposal and elimination of pollution – by 1.8%. The production increased only processing – by 3.2%.
At the same time, according to Rosstat, taking into account seasonality, after a decrease by 3.3% in January 2025 by December 2024 in February 2025, industrial production increased by 0.4% due to electric power industry. “In relation to industrial production, the transition to stagnation actually took place. According to the Federal State Statistics Service, a sharp decrease in release in January by 3.2% (here and further by the previous month, seasonality is eliminated) blocked both a leap in December (plus 2.4%) and B.Othe most increase in the previous two months. As a result, the volume of release returned approximately to the level of the beginning of autumn, ”the results of the last months of the TSMAKP analysts comment on the results of the last months. They note that the jump at the end of 2024 mainly reflected the closure of orders in the sectors associated with the defense industry. “In January, the issue here returned to the levels characteristic of the third quarter of 2024. In civilian sectors, stagnation has been observed from almost the middle of 2023, ”they add.
According to the calculations of statistics, taking into account seasonality, the average monthly values of 2022 steadily exceeded by 5% from the second half of 2023, from its end to the end of 2024 the lead increased to 10%, but in January – February 2025 the trend unfolded (see schedule). The latest situation of industrialists (except for release evaluate the condition and expectations of demand, prices, etc.) of the Bank of Russia and the Institute of People’s Economic Forecasting (Inp) of the Russian Academy of Sciences in February -March of 2025 record the stabilization of current assessments against the backdrop of a weak improvement of demand indicators in industry (primarily in intermediate sectors). According to Inp RAS, in March, demand was able to grow only four points after a decrease in April 2024 – January 2025 by 28 points. The expectations of enterprises in February -March 2025 were also uncertainly recovered after failure in December 2024 – amid the improvement of demand, release and investment planes.
