Real Sector of the Economy: Factors and Trends in July 2013

Russian Economic Developments. Moscow, 2013, #9, pp. 12-14

3 Pages Posted: 9 Oct 2013

See all articles by Olga Izryadnova

Olga Izryadnova

Gaidar Institute for Economic Policy

Date Written: October 8, 2013

Abstract

In July 2013, the industrial production index stood at 99.3% in annual terms, including 98.5% in the manufacturing industry, and 100.4% in the mineral extraction sector. Slower growth rates in exports of traditional raw commodities and related refinery products made Russian economic growth rates even slower. Index of output of products and services in terms of basic types of economic activity remained within a positive values range in July 2013 vs. July 2012, because agricultural production increased by 5.8%, retail sales turnover by 4.3%, and paid retail services by 2.7%. Labor costs and physical resources kept growing against weakened competitive power and cost-effectiveness of the Russian economy.

Keywords: Russian economy, industrial sector

JEL Classification: E20, E21, E22, E60

Suggested Citation

Izryadnova, Olga, Real Sector of the Economy: Factors and Trends in July 2013 (October 8, 2013). Russian Economic Developments. Moscow, 2013, #9, pp. 12-14, Available at SSRN: https://ssrn.com/abstract=2337507 or http://dx.doi.org/10.2139/ssrn.2337507

Olga Izryadnova (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

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