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Sectoral dynamics of industrial production in 2023

Author

Listed:
  • Andrei Kaukin

    (Gaidar Institute for Economic Policy)

  • Evgenia Miller

    (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.

Suggested Citation

  • Andrei Kaukin & Evgenia Miller, 2024. "Sectoral dynamics of industrial production in 2023," Published Papers ppaper-2024-1328, Gaidar Institute for Economic Policy, revised 2024.
    • Handle: RePEc:gai:ppaper:ppaper-2024-1328
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    File URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2024-1328.pdf
    File Function: Revised Version, 2024
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    More about this item

    Keywords

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

    JEL classification:

    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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