Template-Type: ReDIF-Article 1.0 Author-Name:Olga Izryadnova Author-Name-First:Olga Author-Name-Last: Izryadnova Author-Workplace-Name: Gaidar Institute for Economic Policy Title: REAL SECTOR OF THE ECONOMY: FACTORS AND TRENDS IN JANUARY-MAY 2014 Abstract: In the fi rst fi ve months of 2014, the economic situation was determined by slowdown of growth rates of consumer demand and a drop in investments. In January–May 2014, investments in capital assets decreased by 3.8% against the index of the respective period of the previous year. In January–May 2014, the retail trade volume increased by 3.1% against 3.9% a year earlier. A positive contribution to the dynamics of the economic development is made by recovery of output growth in manufacturing. In January–May 2014, manufacturing output index amounted to 103.2% against 98.9% a year before with a high diff erentiation of production rates in diff erent sectors which situation is primarily justified by prevalence of negative trends in production of capital goods. Classification-JEL: E20, E21, E22, E60 Keywords: Real economy, trends, Journal: Russian Economic Developments Year: 2014 Issue: 7 Month: July Pages: 14-16 File-URL: http://www.iep.ru/files/RePEc/gai/recdev/359Izryadnova.pdf File-Format: Application/pdf Handle: RePEc:gai:recdev:359