Russian statistics agency registered biggest drop in industrial production since January

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In September, the index of industrial production fell at an annual rate of 0.8%.

Such data was disclosed by the Federal Service of Statistics of Russia (Rosstat).

According to Rosstat, by the results of the period from January to September, the industrial production index increased by 0.3%. However, in September, the rate of decline in industrial production was the highest in the past 8 months.

It was noted that the cause of September’s decline was the decline in production volumes at factories and other enterprises of the manufacturing sector.

Compared to August last year, their volumes decreased by 1.6%.

Source: ianews.ru