Actuality March 19, 2008

   Russia’s industrial production for January-February, 2008 grew by 6% as compared to the analogical last year’s period, as Rosstat reports. In January-February, 2007 industrial production growth rate totaled 7% as compared to the analogical period of 2006. In February, 2008 the Russian Federation industrial production increased by 7,5% as compared to February, 2007 and by 3% – as compared to January, 2008.

   Industrial production substantial growth in February was caused by surge in the processing productions’ area (by 11,2% in February, 2007 after growth by 4% in January), and due to the growth in the engineering.

   Cars’ production in January grew by 22,3%, and trucks’ production grew by 11,5%. Brick output in February increased by 18%, and the output of constructions and reinforced concrete products increased by 14%. Moreover, in February continued the considerable growth of food products’ production (in particular, meat – by 23%, vegetable oil – by 22%, vine – by 28,7%). Recovery in the furniture industry takes place. The production of tables in February increased by 41,5%, wardrobes – by 35,9%.

   Production surge in processing industries in February was observed on the background of already traditional low growth in the mining area (by 2,3% after 0,6% growth in January) and sharp growth deceleration in the electric energy production and distribution, gas and water areas (up to 2% in February from 12,8% in January).