Industrial Production Dynamics in January-February 2021

Andrey S. Kaukin – Head of Department for System Analysis of Sectoral Markets of the Russian Presidential Academy of National Economy and Public Administration; Acting Head of Center for Real Sector, Head of Department of Sectoral Markets and Infrastructure of the Gaidar Institute for Economic Policy, Candidate of Economic Sciences (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Eugenia M. Miller – Senior Researcher of the Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

The OPEC+ deal and the coronavirus pandemic remain key factors affecting the state of the manufacturing and extractive industries. Some easing of the terms of the OPEC+ deal in 2021 in case of Russia and the possibility of containing the pandemic through mass vaccination suggest that there is a potential for growth in the short term. Nevertheless, according to the results of the first two months of 2021, manufacturing industry as a whole continues to show near-zero growth rates.

Key words: industrial sector, sectors of economy, mining industry, manufacturing, Rosstat, OPEC+ deal, coronavirus pandemic.

JEL-codes: L16, L6, L7, L8, L9.