Industrial production in Russia fell for the first time in four months – RBC

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Industrial production It fell in July for the first time during the year for the last four months in Russia. This decline from the previous month was the most significant since April 2015

Industrial production in Russia declined after three consecutive months of growth of this indicator. The index of industrial production in July fell by 0.3% compared to the same month last year, the Federal Statistics Service said on Monday. Index decreased, even in comparison with the previous month, excluding seasonal and calendar factors. Adjusted thus industrial production index fell by June 0.9% – the largest monthly decline increased by 1.8% from April 2015, from the data of Rosstat

Mining and quarrying in July 2016 compared with. last year, as compared to June – 3%. Manufacturing, on the contrary, decreased by 1.5% versus July of last year, as compared to the previous month – by 1,4%

In July, the Federal State Statistics Service reported that industrial production in Russia in the second quarter of 2016. It has grown in annual terms by 1%. It was the first quarterly growth rate since the end of 2014. However, the Bank of Russia noted that the dynamics of industrial production remains fragile and key to start the recovery industry will be the stabilization of the manufacturing sector, which is still “floats” between plus and minus. In July, business activity in the manufacturing sector resumed its decline, shown earlier PMI index, calculated by the Company at Markit, so the latest data from Rosstat does not come as a surprise.

What kind of a trend in the industry so far, says a leading expert of “Center development “School of Economics Nikolai Kondrashov. In his opinion, “the dynamics of the manufacturing sector, as well as industry, stagnating”, just the values ​​oscillate in June was up and down in July. “In July, it was a negative calendar factor working days were a little smaller than usual (21 working days -. RBC), – the expert explains. – In August, on the contrary, it will be a powerful warehouse calendar factors. Most likely, in August, we will see a rebound up (23 working days -. RBC) “. If in August, although calendar factors, will decline or zero dynamics, “it will be something to talk,” says Kondrashov.