Development of Russian Industry in 2010
In January–April 2010, growth in industrial output by 6.9% and in April, by 10.4% as against respective periods last year resulted mainly from growth in manufacturing industries by 8.3% and 15.7%, respectively, which situation can be explained in many ways by the effect of the last year’s low base.
By January–April and April 2009, the index of production of primary resources amounted to 106.3% and 105.0%, respectively, while that of production of fuel and power resources, to 105.9% and 104.7%, respectively. Starting from March 2009, there has been monthly growth in oil production as compared to the similar period of the year before. In January–April 2010, oil output increased by 2.9% as compared to the same period last year. In the meantime, oil processing at Russian oil refineries increased by 5.0%, while total exports, by 0.2% as compared to the respective period in 2009.
In the first four months of 2010, the output of natural gas and oil-well gas exceeded by 20.4% the index of the same period in 2009. On the domestic market, 191.5 billion cubic meters of gas were utilized (109% as compared to the same period in 2009), while export of gas increased by 80% as compared to the same period in 2009.
Growth of manufacturing industries as compared to January–April 2009 was determined by higher rates of recovery of output of electric equipment, electronic equipment and optical equipment (129,8%), chemical products (125.2%), leather, leather goods and footwear (125.1%), rubber and plastic products (119.3%), transport vehicles and equipment (116.4%) and irons and steel products and finished metal products (112.0%).
О.I. Izryadnova, Head of the Laboratory of Structural Problems of Economy