The characteristic feature of mid-2017 is a slowdown in the production growth pattern that emerged earlier this year, and its downward slide towards stagnation. The majority of manufacturing industries continue to display a zero or negative dynamic, the only exception being those that are linked...

From early 2017, Rosstat began to apply OKVED 2 – the new All-Russian Classifier of Economic Activities, thus necessitating extreme caution in interpreting the industrial production statistics. The results of calculations performed by the Gaidar Institute point to the persistent presence of...

Industrial development case studies show that Russian regions have indeed failed, except in extremely rare cases, to strengthen their competitive power on account of well-developed economic policies. None of the regions under review was geared up for the crisis of 2014, each facing either...

Rosstat announced late in Q2 2018 that it would need to revise its statistics on industrial production dynamics. As a result, growth rates, which were close to zero in the first quarter, turned positive for both the manufacturing and extraction sectors at the half year's end. A lack of...

Some positive results have been achieved since a tax reform was kicked off in the Russian oil sector late in 2014. The 2014 – 2017 period saw an increase in the average depth of oil refining in Russia. Despite ongoing disputes, now is a good time to complete the so-called “tax manoeuvre”...

By-sector analysis of industrial production indices shows that there are still no conditions for transition to sustainable growth in the majority of sectors. The trend component of the industrial production index points to a growth in manufacturing industry in the amount of 0.4% in March 2018...

In 2018 the output dynamics of the manufacturing industries were close to zero. Growth was observed in the primary sector mainly on the back of a surge in production of natural gas and coal. In manufacturing, positive growth rates were related either with a favorable global market environment or...

In March-April 2021, the OPEC+ agreement continued to restrain growth in the extractive sector. Nevertheless, the trend component in the production dynamic demonstrated a positive trend on the back of an increased demand for coal and gas in the European and Asian markets. The trend component of...

One of the main factors behind the reduction in oil supply and, consequently, theincrease in oil prices in Q1 2021 was the voluntary decision of Saudi Arabia underthe OPEC+ agreement to further reduce its production by 1 mbpd. This fact resultedin a record overall conformity with the original...

The OPEC+ deal and the coronavirus pandemic remain key factors affecting the state of the manufacturing and extractive industries. Some easing of the terms of the OPEC+ deal in 2021 in case of Russia and the possibility of containing the pandemic through mass vaccination suggest that there is a...