• Industrial production in Russia back to pre-crisis levels

  • The decline in industrial production in Russia has been observed for 22 months, overcome, industrial production in the first nine months of this year increased by 0.3 percent. About it reported in a press release, the Ministry received "Tape.ru" on Monday, November 21.

    Monthly monitoring carried out by the group of Eduard Baranov and Vladimir Bessonov of the higher school of Economics, show an increase by September, down 0.8 percent, after seasonal and calendar adjustments. The smoothed index of industrial production growing for the fifth consecutive month since June, an average rate of about 5 percent in annual terms.

    According to Vladimir Bessonov, by the end of October in Russian industry increased signs of recovery situation. So, faster growth of production of manufacturing industries. Growth in extractive industries characterized by a slower, but also noticeable.

    It is noted that during the crisis of 2008-09, the industrial recession was much stronger than: 14 percent versus 4 percent. However, in the last crisis quickly took change of market phases. Despite this, the recovery after the crisis of 2008-09 took longer.

    http://lenta.ru

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