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Russian Industry in March 2021

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

The increase in demand evidenced in March 2021 allows Russian industrial enterprises to hire personnel and maintain the output growth. Sales forecasts, the output and hiring plans continue to gain optimism, giving the reason to hope that the upward trend will continue in Q2 2021. However, inflationary expectations are also high in the Russian industry.

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

JEL-codes: L16, L60.