Sectoral dynamics of industrial production in 2023

Andrei Kaukin and Evgeniya Miller
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Andrei Kaukin: Gaidar Institute for Economic Policy

Published Papers from Gaidar Institute for Economic Policy

Abstract: In 2023, the trend component of the industrial production index kept growing, which was primarily provided by the industries related to the production of goods for the state defense order (manufacture of motor vehicles, manufacture of fabricated metal products, manufacturing of electrical equipment), and industries in which import substitution processes are underway (manufacturing of equipment, machine building, production of durable goods for households). Dependence of the extractive sector on imported technologies under sanctions, labor shortage, high inflation and secondary sanctions are the main risks for maintaining growth next year.

Keywords: Russian economy; production; external and internal demand; GDP structure (search for similar items in EconPapers)
JEL-codes: G28 (search for similar items in EconPapers)
Pages: 6 pages
Date: 2024, Revised 2024
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