Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Ministry of Economic Development: Industrial Production Is Falling
September 5, 2015 11:06


Industrial production in Russia fell by 4.7 percent in July, as compared to the same month of last year.

At the same time, it increased to 2.3 percent, as compared to June 2015. The corresponding information is contained in the report of the Ministry of Economic Development. Due to the worsening expectations of the companies’ investment activity and the recovery of demand, the agency revised its forecast concerning the industrial production at the year end. The Economic Development Ministry believes that it will drop by 3 percent in 2015 (2.5 percent, according to the previous forecast).

According to the data of the Ministry, the production in mining operations is also growing (by 0.2 percent), as well as in production of electricity, gas and water (0.2 percent as well) and in the processing industries (by 0.1 percent). On August 28 the Ministry of Economic Development published the report showing that Russia’s GDP fell by 3.6 percent in January-July, as compared to the same period of last year.

Earlier, on April 21, the Prime Minister Dmitry Medvedev said that Russia had virtually no industry untouched by the sanctions. He also noted that the effects of international restrictions would be easier if the economy “had not accumulated a number of internal problems we had no time to solve”. Then Medvedev said that the measures of state support could smooth the decline in industrial production.


Author: Anna Dorozhkina

Tags: Industrial production     

Next Previous

You might also find interesting:

The Place Of Nemtsov Murder Was Vandalized Zaur Dadaev Went To Grozny After the Murder Of Boris Nemtsov The EU And NATO Against Russia: How The West Will Respond To Moscow. The EU plans: New Sanctions. Nadezhda Savchenko Feels Worse New Mesures For Mortgage Lending Support Are Being Considered

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Svetlana Zakharova  Danny DeVito  Elbrus  Russian airports  Moscow  Russian tourism  Nizhny Novgorod  debt collection  Kaliningrad  Russian space exploration  Moscow attractions  Exhibitions in Moscow  Russian legislation  Russian Actresses  Moscow Metro  Mysterious Finds  Dzerzhinsk  Polyot   Prince Harry  Veliky Novgorod  Zoo History Museum  defense  water transport  Russian economy  Moscow Centers of Modern Art  Photography  Ornithological Park   Russian business  Labirintia   Vika Smolyanitskaya  Tomsk  Russia-France  Anton Chekhov  Russian Literature  Painting  Mercedes-Benz Fashion Week Russia  Sergei Magnitsky  Leningrad Region  Skolkovo  Design  Russian history  education  Alexey Navalny  natural gas  Zhanna Nemtsova  The Bolshoy Theatre   Russian Cinema  Vladimir Potapov   Archeology  biology 

Travel Blogs
Top Traveling Sites