Industry in September 2019: Demand Сonstancy as an Obstacle to Growth

Sergey V. Tsukhlo – Head of Business Surveys Department of the Gaidar Institute, Candidate of Economic Sciences (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

A stable demand movement pattern makes it possible, for industry, to secure control over stocks of finished goods and raw materials. At the same time, the production growth rate is still at a near-zero level, and there are no preconditions for any significant output increase in the foreseeable future. The reluctance of enterprises to create new jobs has hit its historic high of the entire monitoring period since 1993. The investment plan optimism index continues to slide after its rise in 2017.

Key words: Russian industry, demand, output, employment, finished goods inventory, industrial lending, personal, investments, actual changes and expectations.