Industrial Production Dynamics in Q4 2021

Динамика промышленного производства в четвертом квартале 2021 г

Andrey S. Kaukin and Eugenia M. Miller
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Andrey S. Kaukin: Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration
Eugenia M. Miller: Russian Presidential Academy of National Economy and Public Administration

Russian Economic Development, 2022, issue 2, 20-25

Abstract: Year 2021 saw extractive industries’ growth on the back of a pickup in demand for power-generating coal and natural gas on the part of European and Asian countries, as well as ebbing restrictions related to the OPRC+ agreement (owing to higher quotas on daily oil production volumes in member countries). In 2021, the manufacturing sector saw growth, too. It was achieved as a result of higher prices and active external demand for industry products, which account for a substantial share of production (metallurgy, oil refining and the chemical industry).

Keywords: industrial sector; sectors of economy; mining industry; manufacturing; Rosstat (search for similar items in EconPapers)
JEL-codes: L16 L6 L7 L8 L9 (search for similar items in EconPapers)
Date: 2022
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