the Ministry of economic development (MED) of Russia expects that by the end of the current year reduction of investments in fixed capital will slow to 3%, whereas previously predicted a fall of 3.7%. This is stated in the operational monitoring of the MAYOR.
“the Situation with investment demand remains in line with negative trends, although in recent months and first signs of stabilization. An assessment of the rate of reduction of investments into fixed capital for the year 2016 updated on the background of statistics published by Rosstat for the 3rd quarter,” — noted in the document.
As specifies the Ministry, in the third quarter dynamics of investments moved into positive territory — the growth amounted to 0.3% amid a low base last year. After 9 months the reduction of investments in fixed capital amounted to 2.3%.
“In a branch cut the main support for the dynamics of investments provided investments in production of energy resources, by type of activity — “Liquefaction and regasification of natural gas for transportation,” the MAYOR.
“Behavior of indicators of investment activity in November is indicative of the stabilization and possible reversal in the dynamics. In General, the results for 2016, according to estimates, a slowdown in the decline of investment to 3.0% (previously 3.7%)”, — predicts the Ministry of economic development.
at the same time, the Ministry noted that the construction sector has seen a weak trend of recovery: in November, the dynamics of the volume of works by the form activity “Construction” of the best since November 2013, growth came into positive territory and grew by 1.4% in annual terms (seasonally-adjusted index increased by 0.3%). For the first 11 months of the reduction slowed down to 4.3%.
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