The Real Sector in February 2016
Russian Economic Developments. Moscow, No. 4, pp. 11-14, 2016
4 Pages Posted: 13 May 2016
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: Suggested Citation