Industrial Production Dynamics in Q1 2022

Динамика промышленного производства в первом квартале 2022 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 6, 29-33

Abstract: In Q1 2022, the extractive sector showed growth due to the continued impact of the factors that emerged in 2021: growth of demand for thermal coal and natural gas from the European and Asian countries; weakening of the effect of restrictions related to the OPEC+ agreement following the increase in quotas on daily oil production in the member countries. The manufacturing sector demonstrated around zero growth rates; growth was mainly observed in the food, textile, chemical and machine-building industries. The sanctions imposed against Russia have not yet affected the dynamics of the industrial sectors; the negative impact is likely to be felt in Q2 2022. The work was carried out within the framework of the RANEPA state order «Modeling and forecasting wholesale unit power prices in Russia using hybrid machine learning models».

Keywords: industrial sector; sectors of economy; mining industry; manufacturing; Rosstat; sanctions (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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