2) The Central Bank also notes a general decline in industrial output since the start of the year, particularly in the civilian sector. Over the past three months, the steepest drops occurred in auto manufacturing, coal mining, production of other finished goods,
3) and construction materials—based on July 2025 data. Even manufacturing output, which includes military production, is slowing. If you exclude defense outputs, there’s a several-percent drop overall. Rosstat’s statistics are notoriously optimistic, often requiring downward revisions
4) ...once reality sets in these indicators point to an impending recession in the Russian economy. According to their forecast, growth is expected to be 0%. Zero. Zilch. Nothing. Which—given their history of overly optimistic forecasts—likely means negative growth once numbers are adjusted.