BOFIT Viikkokatsaus / BOFIT Weekly Review 2016/21
Indicators of Russian economic performance, 2011‒2016
Source: Rosstat.
The situation for Russian production has been slightly better. In the extractive industries, which includes hydrocarbon production, the April production was clearly larger than a year earlier, although the crude oil production boom in the previous months of this year subsided. Seasonally adjusted manufacturing output increased slightly, rising about 0.5 % y-o-y. Economy minister Alexei Ulyukayev noted that the ministry estimated the GDP fell only 0.7 % y-o-y in April.