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Industrial Production Dynamics in May-July 2021: Growth Factors
[Динамика Промышленного Производства В Мае-Июле 2021 Г.: Факторы Роста]

Author

Listed:
  • Kaukin Andrey

    (Russian Presidential Academy of National Economy and Public Administration; Gaidar Institute for Economic Policy)

  • Miller Eugenia

    (Russian Presidential Academy of National Economy and Public Administration)

Abstract

Analysis of trend components of production indices for May through July 2021 suggests that growth factors in trends for the extractive industries since the beginning of 2021 continue to have effect for two reasons: a pickup in demand for power-generating coal on the part of European and Asian countries and an ebbing restrictions related to the OPEC+ agreement, owing to increased quotas on daily oil production volumes in member countries. The manufacturing sector’s trend component keeps growing, too, on the back of high prices and active external demand for industry products, which account for a substantial share of production (metallurgy, oil refining and the chemical industry). The article is prepared based on the results of the research work of the RANEPA state order for 2021 «Modeling and forecasting of indices of the Russian wholesale energy market using methods of combining data of different frequencies»).

Suggested Citation

  • Kaukin Andrey & Miller Eugenia, 2021. "Industrial Production Dynamics in May-July 2021: Growth Factors [Динамика Промышленного Производства В Мае-Июле 2021 Г.: Факторы Роста]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 9, pages 27-32, September.
    • Handle: RePEc:gai:recdev:r2196
    as

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    References listed on IDEAS

    as
    1. Kaukin Andrey & Miller Eugenia, 2021. "Industrial Production Dynamics in March-April 2021 [Динамика Промышленного Производства В Марте-Апреле 2021 Г]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 6, pages 18-22, June.
    2. Kaukin Andrey & Miller Eugenia, 2021. "World’s Oil Market in Q2 2021 [Ситуация На Мировом Рынке Нефти Во Втором Квартале 2021 Г]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 8, pages 17-22, August.
    Full references (including those not matched with items on IDEAS)

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    1. Kaukin Andrey & Miller Eugenia, 2021. "Динамика Промышленного Производства В Мае-Июле 2021 Г.: Факторы Роста," Russian Economic Development (in Russian), Gaidar Institute for Economic Policy, issue 9, pages 27-32, September.

    More about this item

    Keywords

    industrial sector; sectors of economy; mining industry; manufacturing; Rosstat; OPEC+ deal;
    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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