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Industrial Production Dynamics in Q1 2022
[Динамика Промышленного Производства В Первом Квартале 2022 Г]

Author

Listed:
  • 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)

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».

Suggested Citation

  • Andrey S. Kaukin & Eugenia M. Miller, 2022. "Industrial Production Dynamics in Q1 2022 [Динамика Промышленного Производства В Первом Квартале 2022 Г]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 6, pages 29-33, June.
    • Handle: RePEc:gai:recdev:r2251
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    More about this item

    Keywords

    industrial sector; sectors of economy; mining industry; manufacturing; Rosstat; sanctions;
    All these keywords.

    JEL classification:

    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • L6 - Industrial Organization - - Industry Studies: Manufacturing
    • L7 - Industrial Organization - - Industry Studies: Primary Products and Construction
    • L8 - Industrial Organization - - Industry Studies: Services
    • L9 - Industrial Organization - - Industry Studies: Transportation and Utilities

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