Real Sector of the Economy: Factors and Trends in 2013

Russian Economic Developments. Moscow, 2013, #7, pp.15-16

2 Pages Posted: 1 Aug 2013

See all articles by Olga Izryadnova

Olga Izryadnova

Gaidar Institute for Economic Policy

Date Written: July 31, 2013

Abstract

Russia’s economy was characterized by lessening of internal and external demand within the first five months in 2013. A drop in industrial output which in May 2013 reached 1.4% against May 2012 had a substantial effect on the domestic market in the current year. Stagnation in the investment sector further lowered production of capital goods and construction materials. The manufacturing output index stood at 95.6% in May 2013 on a year-on-year basis amid severe recession in the machine building industry. Growth rates in retail sales turnover slowed down to 102.9% on a year-on-year basis in response to a fall of 1.3% against May 2012 in real household disposable income. The number of the unemployed in May 2013 remained less than in May 2012.

Keywords: Russian economy

JEL Classification: E20, E21, E22, E60

Suggested Citation

Izryadnova, Olga, Real Sector of the Economy: Factors and Trends in 2013 (July 31, 2013). Russian Economic Developments. Moscow, 2013, #7, pp.15-16, Available at SSRN: https://ssrn.com/abstract=2304367 or http://dx.doi.org/10.2139/ssrn.2304367

Olga Izryadnova (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

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