At the end of August 2023, the production of goods and services in non-industrial sectors in Russia increased by 7.3%. In this respect he is writing RuNews24.
Positive indicators were achieved in this sector, especially in terms of the commissioning of residential buildings (+12.3%); retail trade turnover (+11%), the volume of paid services provided to the population (+5.2%). Freight turnover of railway transportation decreased by 1.4%, and agricultural products decreased by 6.8%.
The growth in industrial production in August was 5.4% on an annual basis. Here positive indicators were obtained in terms of processing (+10.3%), water supply, garbage collection and pollution disposal (+2.3%), as well as the supply of energy, gas, steam (+2.1%). Mining production decreased by 1.2%.
The most dynamic sectors in August 2023 compared to August 2022 were: manufacturing of computers, electronics, optics – +54%; furniture manufacturing – +43%; motor vehicle production – +42%; production of finished metal products (excluding machinery and equipment) – + 39.6%; electrical equipment production – +26%. A decrease in production was recorded in the tobacco manufacturing industry (-14.5%); paper industry (-3.7%); metal ore mining (-3.2%).
At the end of September, international economic organizations note It seems that the Russian economy performed better than expected against the backdrop of sanctions. Thus, the OECD increased its forecast for Russia’s 2023 GDP growth to 0.8% from the previously expected decline of 2.1%. The organization expects a 9 percent increase in 2024. The IMF also increased its 2023 growth forecast to 1.5%.
Formerly in the Federation Council saidHe said that the Russian economy was going through its most difficult period.
Source: Gazeta
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