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Alexander Marrow - 2 Darya - 2 Maxim Oreshkin - 1 Vladimir Putin - 1 Central Bank Governor Elvira Nabiullina - 1 Rosstat - 1 Alex Richardson - 1 Alexandra Hudson - 1
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Search resuls for: "Alexander Marrow Darya Korsunskaya"


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☆ Russian industrial output growth slows as unemployment drops to record low
  + stars: | 2023-11-29 | by ( Alexander Marrow Darya Korsunskaya | Alexander Marrow | Darya Korsunskaya | ) www.reuters.com   time to read: +2 min
MOSCOW, Nov 29 (Reuters) - Russia's industrial output growth slowed in October as the unemployment rate dropped to a record low 2.9%, federal statistics showed on Wednesday, with deepening labour shortages showing signs of cooling Moscow's military production capacity. Analysts say wages are growing faster than productivity and the central bank has warned of the impact it has on inflation. Industrial output rose 5.3% year-on-year in October, down from a 5.6% rise in September and driven once again by military production. Rosstat said industrial output had grown since March at a monthly rate of more than 5% compared with the corresponding months of 2022. But when discounting seasonal factors, industrial production dropped 0.4% in October, Rosstat said.
Persons: Maxim Oreshkin, Vladimir Putin, Central Bank Governor Elvira Nabiullina, Rosstat, Alexander Marrow, Darya, Alex Richardson, Alexandra Hudson Organizations: Kremlin, Reuters, VW, Central Bank Governor, Alexandra Hudson Our, Thomson Locations: MOSCOW, Russia, Volkswagen's, Moscow, Ukraine, Putin's Russia
☆ Russian labour shortage laid bare as unemployment drops to record low
  + stars: | 2023-05-31 | by ( Alexander Marrow Darya Korsunskaya | Alexander Marrow | Darya Korsunskaya | ) www.reuters.com   time to read: +2 min
May 31 (Reuters) - Russia's unemployment rate dropped to a record low 3.3% in April, data showed on Wednesday, highlighting the labour shortage that is stifling economic growth, while other indicators painted a mixed picture. Retail sales, a key gauge of consumer demand, fell 0.1% compared with March and industrial output dropped 5.0%. Excluding seasonal factors, economic growth slowed to 0.2% in April, the ministry said. Russia's market has changed drastically since the sanctions war began, Tsukhlo said, with mass-market and expensive brands alike leaving the country. "(They) could have been replaced by Russian light industry products, but there is no one there to produce them," he said.
Persons: Sergei Tsukhlo, Tsukhlo, Alexander Marrow, Darya, Alison Williams Organizations: Russia's Gaidar, Thomson Locations: Russia, Ukraine, Moscow, Russian
☆ Soaring current account surplus fails to cover up cracks in Russian economy
  + stars: | 2022-12-09 | by ( Alexander Marrow Darya Korsunskaya | Alexander Marrow | Darya Korsunskaya | ) www.reuters.com   time to read: +2 min
This year, Russia is on track to post a record high current account surplus after its imports of goods and services fell due to Western sanctions while globally high commodity prices boosted its export revenues. Exports rather than import compression are responsible for the majority of the rise, the Institute of International Finance has said. As an oil price cap and export embargo kick in, the surplus will likely decline in 2023. That drop could put further strain on Russia's economy, already saddled with subdued consumer demand, falling disposable incomes and the impact of President Vladimir Putin's partial mobilisation order on workforce numbers. Russia's economy is doomed to see a fall in productivity, with consumption and investments also expected to drop, Nadorshin said, predicting a 5-10% economic contraction in 2023.
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