Advanced technologies will help Russian manufacturing industry

newsletter 01/09/2016

The analysts’ forecasts about difficult beginning of the 2016 year with the transition to positive dynamics in the second half-year are working.

Cautious optimism is infused by the data of the Federal state statistics service (Rosstat), but industrial production, as well as the majority of sectors of the Russian economy, is still in difficult situation. Sales reduction, lack of demand, weakening the national currency have negative impact on domestic industry.

Data on the diagram confirms again that the Russian economy is driven by the basic materials sector - mining operations demonstrate positive growth rate in examined periods even in the acute phase of crisis at the end of 2015. Positive dynamics in manufacturing, as well as in production and distribution of electric power, gas and water has been observing since 2016.

Dynamics of industrial production to the relevant period of thr previous year %, according to RosstatPicture 1. Dynamics of industrial production to the relevant period of thr previous year %, according to Rosstat

Development and implementation of advanced technologies can be a growth driver and help to overcome crisis and get out of stagnancy. It would be hard to overestimate the importance of modern development work - automation of production processes, creation of modern equipment, computerization of manufacturing industry, energy-saving technology, utilization technology, etc. The diagram below indicates positive tendencies in this direction.

Used advanced manufacturing technologiesPicture 2. Used advanced manufacturing technologies

Following the diagram, the number of advanced technologies using by the domestic enterprises has been growing in recent years. According to Rosstat, the increase in 2015 is about 14% in comparison with the year of 2012.

Data of the next diagram shows a kind of slowdown in new technologies development. However the positive changes after the extremely dire straits for the whole industry in 2010 should not go unnoticed. The number of technologies developed in the past 6 years has increased by 62%.

Developed advanced manufacturing technologiesPicture 3. Developed advanced manufacturing technologies

Official data speaks also for other growth signs of innovative activity of the Russian industrial enterprises: from 2012 to 2014 the expenses on technological innovations increased by 31%.

In conclusion it may be said that domestic enterprises take the path of innovative development.

In term of using the advanced technologies, Russia does not take the leading positions in the world. However domestic manufacturers begin to understand that only constant implementations of new technologies can ensure the stable rate of growth in the volatility of economy and unpredictability of market conditions, thereby making to invest long-term innovative projects increasingly.