Russia's Real Sector of the Economy in September 2014: Factors and Trends
Russian Economic Developments. Moscow, 2014, №11, pp. 14-16
3 Pages Posted: 2 Dec 2014
Date Written: December 1, 2014
Abstract
In September 2014, the trend of slowdown of economic dynamics by the baseline types of economic activities stopped. Growth in industrial output, manufacturing and mining amounted to 2.8%, 3.6% and 2.4%, respectively, as compared to September 2013. However, the situation is complicated by the continued drop in investment activities. Investments in capital assets decreased by 2.8%, while the volume of jobs in building, by 3.7% as compared to September 2013. In September, year-on-year growth of up to 8% in the inflation rate and a 1% reduction in real wages caused a sudden slowdown of households’ consumer activities and the retail trade volume.
Keywords: Russian real sector of the economy
JEL Classification: E20, E21, E22, E60
Suggested Citation: Suggested Citation