Russian Industry in September 2016

Abstract

According to business surveys conducted by Gaidar Institute, domestic industry in a more definite way turns into "smooth water" of Russian economic crisis, which smooth surface was not ruffled in 2016 even by declarations about its prompt termination. Ambiguous demand dynamic together with unprecedented control over stock of finished products after all suit the majority of enterprises in the wake of the ongoing crisis. Industry keeps hope alive about a renewal of statistically distinguishable output growth but is not ready yet to terminate the investment pause even amid obvious easing of lending terms.

Keywords: Russian economy, Russian industry, output, producer prices, investment

JEL Classification: Е30, E31, C81, L11