The manufacturing industry in Russia resumed the growth

According to recent reported data, the industrial construction increased on 2,1% in the February, 2014 in comparison with corresponding period of the previous year. Against the background of tense situation in Ukraine and West countries’ threats to impose economic sanctions on Russia this fact encouraged optimism into the expert community. 

Fig. Increase of industrial construction, % (to corresponding period of the previous year) 

The February indicator became the second best value of the industrial construction for the last 14 months. It reached its peak in November 2013 – 2,8%, whereas in February 2013 there was a decline on 3,1% in comparison with the rate in February 2012.

Last year many analysts came to a conclusion that the country has plunged into long-standing stagnation, the increase of industrial construction amounted to symbolic 0,4%. The figures of the January 2014 are not by much but however more than the figures of similar period of 2013. It is indicative that the main contribution into positive dynamic was made by processing industry in the February of the current year. This industry has showed the increase on 3,4%, the extraction of mineral resources – 0,7% and production and distribution of electric power, gas and water has decreased on 0,3%.

Taking into consideration the deep integration of Russia into the world economy, on the main markets of which the rally of investment activity and the consumer’s demand are being noted recently, there are reasons to believe that the observing processes of recovery of the domestic industry will have system nature. And the external situation with joining of the Crimea and Sevastopol won’t have significant impact on mutual trade and collaboration with main foreign trade partner – the European Union. Several forecasts have already been made concerning the fact that the infrastructural investments into new territories will provide a spark to the GDP, and political sanctions of the West countries will summon the part of the capital back to the country.