Car production in Russia down 28% in 2015

In December 2015, the production of passenger cars in Russia declined by 38.9% year-on-year and by 12.5% in comparison with the previous month.  These results were presented by the Federal State Statistics Service of the Russian Federation, the Rosstat.

According the Rosstat, the production of passenger cars in Russia saw a general decrease of 27.7% from 2014.  This amounted to 1.2 million units.

In addition, the country produced 131 000 trucks last year – 14.7% lower than the previous year.  The production of buses during this period decreased by 17% to 36 700 units.

Overall, the industrial production in Russia during 2015 declined by 4.5% compared to the same period in 2014.  In comparison to the previous month, the industrial production increased in December by 7% after rising 5.2% in October.  This is with the exception of seasonal factors.

In 2015, the volume of industrial production decreased by 3.4% at an annual rate after rising 1.7% in 2014.                                   

  Russia, Economy