RosStat’s report on August base sectors and other fundamental indicators shows the continuation of the negative stagnation trend seen in H1. Capital investment continued to be negative: declining by 4% y/y in August alone and by 1.3% y/y in Jan-Aug overall (vs. EconMin’s expectations of 2.4% growth in 2013). Industrial output continued to fluctuate around 0% growth, inching up by 0.1% y/y in August.
Transportation in August ended two consecutive months of negative y//y growth posting 0.3% y/y increase in turnover. This is unlikely to result in higher industrial output in the early fall: railway transportation was still in decline of 2% y/y in August and 2.8% y/y in Jan-Aug overall. Slight growth of transportation in August is to be attributed to pipelines (up by 3.7% y/y in August, 1.3% y/y in Jan-Aug).
After jumping to 6% y/y growth due to favorable y/y base in July, in August construction declined by 3.1% y/y. Also retail trade, which throughout 2013 was the only resilient base sector slowed down: from 4.3% y/y in July to 4% y/y in August. Agriculture (which was previously cited by the authorities as one of the main factors that were supposed to support recovery in H2/13) also slowed down to 3.3% y/y growth.
|
Base Industries (%, y/y) |
2009 | 2010 | 2011 | 2012 | Dec-12 | Jan-13 | June | Aug | |
| Industry | -9.3% | 8.2% | 4.7% | 2.6% | 1.4% | -0.8% | -0.7% | 0.1% | |
| Construction | -13.2% | -0.6% | 5.1% | 2.4% | 1.6% | 1.4% | 6.1% | -3.1% | |
| Agriculture | 1.2% | -21.9% | 23.0% | -4.7% | 1.4% | 2.5% | 5.8% | 3.3% | |
| Transport | -10.1% | 6.9% | 3.4% | 1.7% | 0.9% | -0.7% | -1.1% | 0.3% | |
| Retail | -5.5% | 6.3% | 7.2% | 5.9% | 5.0% | 4.2% | 4.3% | 4.0% | |
| Source: RosStat |
Related Articles
Russia's Ozon swings to profit on EBITDA growth, fintech expansion in Q1 2026
Russia's Ozon Group (MOEX: OZON) reported a net profit of RUB4.5bn ($54.7mn) for the first quarter of 2026, against a net loss of RUB7.9bn in the same period last year, the e-commerce group said in ... more
Russia boosts Mali military support as Africa Corps replaces Wagner
Russia has delivered new shipments of heavy military equipment to Mali as the Kremlin replaces the Wagner Group’s semi-private model with the more tightly controlled Africa Corps, according to The ... more
BRICS+ city network voices solidarity with Tehran as tensions with US persist
Senior figures from the BRICS+ Association of Cities and Municipalities expressed “solidarity” with Tehran and voiced concern over developments in the Middle East in a message to the Iranian ... more