Russian Real Economy in November: Trends and Factors

Abstract

The increase in investments in fixed assets of 4.9% versus October 2011 was a positive aspect of October 2012. As a result the workload in construction (105.1%) and housing construction (111.0%) started to grow again. This October the industrial production index made 101.8% versus October 2011, being 103.0% in the manufacturing industry. The dynamics of the manufacturing industry development is influenced by the weakening of the machine-building and adjacent metallurgy complexes production growth rates. Besides, the drop in the agriculture production volumes by 13.3% versus October 2011 has a negative effect on the economy growth rates.

Keywords: Russian economy, real sector

JEL Classification: E20, E21, E22, E60