The Real Sector of Economy in January-May 2014: Factors and Trends

Abstract

In the first five months of 2014, the economic situation was determined by slowdown of growth rates of consumer demand and a drop in investments. In January-May 2014, investments in capital assets decreased by 3.8% against the index of the respective period of the previous year. In January-May 2014, the retail trade volume increased by 3.1% against 3.9% a year earlier. A positive contribution to the dynamics of the economic development is made by recovery of output growth in manufacturing. In January-May 2014, manufacturing output index amounted to 103.2% against 98.9% a year before with a high differentiation of production rates in different sectors which situation is primarily justified by prevalence of negative trends in production of capital goods.