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Date: a month ago   Category: Finances

What caused industrial production growth?


According to Rosstat, growth of industrial production in April accelerated up to 4.9%. It is a maximum in the last two years the Photo: Valery of Matytsin/TASS Industrial production in Russia in April, 2019 accelerated in annual terms up to 4.9% from March 1.2%. Such data were provided by Rosstat. Mining grew by 6% by the same period of 2018 processing productions — for 4.7%. In the sphere of supply with the electric power growth by 1% was observed, and production in the sphere of water supply increased by 7.4%. Acceleration of growth demonstrates increase in economic activity in comparison with weak data for the first quarter of the current year, consider in the Ministry of Economic Development. News was commented by the chief economist of PF "Capital" Evgeny Nadorshin: — In spite of the fact that I see a number of improvements in chemical industry, in production of building materials, there is even something in heavy power engineering, in automotive industry, but such significant acceleration in April in relation to March does not explain all this. By April there is an important point — a calendar factor, we after all for one working day have more in April of this year, it would have to bring a certain positive fact. But I see no reason for growth by 4.7% in processing. — Whether these figures — for example, in volumes of cargo transportation or in electricity consumption are confirmed by some other statistical data? — It is difficult to tell for certain. The matter is that not all figures for April are still available in order that it was possible to understand a situation in details. In general, it seems to me, they do not contradict other statistical data. That is it would be quite good to look at activity in construction, there is a basis to suspect that it grew up a little that could coincide with dynamics of production of building materials. The Ministry of Economic Development predicts growth of industrial production this year for 2.3%. Economists are more conservative and expect growth of the industry by 1.8%, according to the forecast of Interfax. To add BFM.ru to your sources of news?

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