The Real Sector in February 2016

Russian Economic Developments. Moscow, No. 4, pp. 11-14, 2016

4 Pages Posted: 13 May 2016

See all articles by Olga Izryadnova

Olga Izryadnova

Gaidar Institute for Economic Policy

Date Written: May 12, 2016

Abstract

In early 2016, Russia’s domestic market was exposed to the long-continued influence of a simultaneous contraction of the consumer and investment markets. In January and February, the retail trade turnover index amounted to 93.4%, the volume index of commercial services rendered to the population – to 98.3%, and the construction work volume index – to 98.3% relative to the same period of the previous year.

Early 2016 saw a notable deterioration of social parameters. In February 2016, the real disposable income and real wages of the population amounted to 93.1% and 97.4% relative to February 2015. The situation in the labor market remained tense – in February, the number of officially registered unemployed increased by 5.2% on January 2016.

Keywords: Russian Economy, Real Sector

JEL Classification: E20, E21, E22, E60

Suggested Citation

Izryadnova, Olga, The Real Sector in February 2016 (May 12, 2016). Russian Economic Developments. Moscow, No. 4, pp. 11-14, 2016, Available at SSRN: https://ssrn.com/abstract=2779267 or http://dx.doi.org/10.2139/ssrn.2779267

Olga Izryadnova (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

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