BOFIT Viikkokatsaus / BOFIT Weekly Review 2015/52
Rosstat further noted that seasonally adjusted industrial output fell in November. Production of extractive industries in November was unchanged from a year earlier. The drop in manufacturing production, however, followed the decline set in September and October, and the volume of production in November was down about 5 % y-o-y. The impact of increased defence spending that supported manufacturing industries earlier this year is likely fading. First-half defence spending grew on-year by over a third, but since autumn defence spending has fallen.
Industrial output (seasonally and workday-adjusted)
Source: Rosstat.