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Russian Industrial Sector in April 2021: Indications of Crisis Resolution

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.

In April 2021, the Russian industrial sector continued its confident recovery from the crisis. Positive dynamics of demand accompanied by high optimism in sales forecasts and a shortage of finished goods stocks allow the enterprises to maintain growth of the output and increase demand for labor. The inflation expectations of industrial enterprises continue to rise surpassing the levels of 2010 and 2015.

The fact that investment plans of enterprises turned a profit and the pre-crisis credit availability restored with the rates remaining at the minimum level in April, were indications of the pandemic crisis resolution.

Key words: Russian industry, demand, inventories of finished products, inventories of inputs, output, prices, personnel.

JEL-codes: L16, L60.