Russia's Real Sector of the Economy in January 2015: Factors and Trends

Abstract

In January 2015, a drop of 5.1% and 6.3% year-on-year in retail trade volume and investments in capital assets, respectively, had a considerable effect on the domestic market. The dynamics of the consumer market was determined by a simultaneous drop of 5.5% and 3.5% in demand on food products and non-food products, respectively, as compared to January 2014. In January 2015, the market of investment goods and services was characterized by a decrease of 3.5% year on year in building. In January 2015, industrial production increased by 0.9% year on year with growth of 1.5% in the primary sector and a drop of 0.1% in manufacturing. In January 2015, the total number of the unemployed and the number of the officially registered unemployed increased by 3% and 2.6%, respectively, but the above indices remained much below the respective values of January 2014.

Keywords: Russian economy, reals sector, industrial production

JEL Classification: E20, E21, E22, E60