Russian Industry in November 2020

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.

The enterprises needed three months to overcome the April 2020 decline in demand, and in July, the estimates reached the pre-crisis level. Then there was a three-month pause, followed by growing demand, according to manufacturers’ estimates. The growth rate of sales increased by 9 p.p. in November after an interruption in August-October.

Key words: Russian industrial sector, demand, stocks of finished products, stocks of raw materials, inputs, inputs growth constraints, personnel, investment, crisis.