REAL SECTOR OF THE ECONOMY: FACTORS AND TRENDS IN JULY 2013

Olga Izryadnova ()

Russian Economic Development, 2013, issue 9, 12-14

Abstract: In July 2013, the industrial production index stood at 99.3% in annual terms, including 98.5% in the manufacturing industry, and 100.4% in the mineral extraction sector. Slower growth rates in exports of traditional raw commodities and related refinery products made Russian economic growth rates even slower. Index of output of products and services in terms of basic types of economic activity remained within a positive values range in July 2013 vs. July 2012, because agricultural production increased by 5.8%, retail sales turnover by 4.3%, and paid retail services by 2.7%. Labor costs and physical resources kept growing against weakened competitive power and cost-effectiveness of the Russian economy.

Keywords: Real economy; trends (search for similar items in EconPapers)
JEL-codes: E20 E21 E22 E60 (search for similar items in EconPapers)
Date: 2013
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