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Economy/Business
26 January 2021, 15:36

Industrial production decline developed less than forecasted in Russia - Rosstat

By the end of 2020, the Russian industry decreased by 2.9%, according to Rosstat. Earlier, the government predicted a fall of 4.1%. This is the first decline in industrial production since 2009, reminds The Bell. Then the indicator fell by 10.7%.
According to the results of the last year, the following industries showed the most decrease:
- extraction of nonmetallic minerals, including sand and gravel - by 15.4%;
- production of motor vehicles, trailers and semi-trailers - by 11.6%;
- leather industry - by 12.4%;
- oil and gas production - by 8.1%;
- coal mining - by 6.3%;
- production of coke and petroleum products - by 3%;
- metallurgical production - by 2.4%.
The government expects the industry to catch up in 2021 and grow by 2.6%, in 2022 by 3.6%, and in 2023 by 2.3%.
At the end of 2019, industry accounted for almost 30% of the Russian GDP.
In Bashkiria, in January-November, industrial production decreased by 2.8% compared to 11 months of 2019. A negative trend was observed in the extraction of minerals (88.8% against January-November 2019), manufacturing (98.5%), the supply of electricity, gas, steam (92.9%).
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