Russia expects the manufacturing sector to grow by 14.2% by 2028

The Russian Ministry of Economic Development announced today, Friday, its expectations for the growth of the manufacturing sector in the country.

It is expected that industry production in Russia will grow by 14.2% in 2028 compared to 2024, according to the basic social and economic development expectations prepared by the ministry. The document states that “a steady growth is expected in most of the sub -sectors that focus on developing an economy based on the appropriate supply to meet the local demand.” The production of manufacturing industries will increase by 3.1% in 2025, 2.9% in 2026, And 4% and 3.6% in the period 2027-2028, respectively. In general, it is expected that industrial production in Russia will grow by 10.1% in 2028 compared to 2024, and industrial production is expected to grow by 1.5% this year. The ministry’s report concluded: “In the Mediterranean, it is expected that industrial production growth will accelerate to 2.3% in 2026 and to 3% on average annually in Ami 2027-2028. (Russia today)