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Sectoral dynamics of industrial production in 2022

Author

Listed:
  • Kaukin Andrei

    (Gaidar Institute for Economic Policy)

  • Miller Evgenia

    (RANEPA)

Abstract

In 2022, The trend component of the industrial production index exhibited growth, which was provided by both the extractive sector and the manufacturing industry. In the first case, owing to high prices and growth of external demand for energy resources. In the second case, due to the production of goods replacing foreign brands, which curtailed their activities on the Russian market after the launch of the SMO, as well as due to the growth of demand for intermediate products for the state defense order. For correct interpretation of the existing trends in separate sectors, it is necessary to decompose their output into components: calendar, seasonal, irregular and trend component;2 the interpretation of the latter is of substantial interest. The Gaidar Institute experts made seasonal adjustment of the series of indices of all the branches of industrial production for 2003—2022 and singled out the trend component3 on the basis of the current statistics published by Rosstat on the indices of production in industrial sectors of the economy.

Suggested Citation

  • Kaukin Andrei & Miller Evgenia, 2023. "Sectoral dynamics of industrial production in 2022," Published Papers ppaper-2023-1283, Gaidar Institute for Economic Policy, revised 2023.
    • Handle: RePEc:gai:ppaper:ppaper-2023-1283
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    File Function: Revised Version, 2023
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    More about this item

    Keywords

    Russian economy; production; external and internal demand; GDP structure;
    All these keywords.

    JEL classification:

    • G19 - Financial Economics - - General Financial Markets - - - Other
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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