MOSCOW - Russia's industrial output fell 0.5% in July compared with a year ago, and was up 1.8% in month-on-month terms, the state statistics service said on Wednesday.
Analysts polled by Reuters had expected a 2.4% decrease in output year-on-year.
Production of cars in Russia fell 80.6% year on year in July, Rosstat said.
Rosstat revised June's industrial output contraction to 2.4% from the 1.8% drop reported a month earlier. Rosstat also revised the output growth assessment of the first half of 2022 to 1.3% from 2.0%.
Rosstat provided the following headline data and sector breakdown:
Headline industry output July 22 June 22 July 21
yr/yr pct change -0.5 -2.4 +7.9
mth/mth pct change +1.8 +2.1 -0.1
Extraction of raw materials
yr/yr pct change +0.9 +1.4 +11.6
mth/mth pct change +0.8 +1.7 +1.2
Manufacturing
yr/yr pct change -1.1 -4.7 +5.1
mth/mth pct change +2.8 +5.0 -1.0
Production and distribution of
electricity, gas
yr/yr pct change -0.5 -0.2 +6.3
mth/mth pct change +2.2 -13.2 +2.4
Distribution of water, sewage
yr/yr pct change -14.9 -15.7 +19.8
mth/mth pct change -6.8 -8.8 -7.7
