Russian Industry in H1 2016: Zero Dynamics

The trend that first became visible in early 2016 – decline giving way to zero rates of growth – towards the end of H1 had spread across a majority of segments of the economy’s real sector. The lack of a noticeable domestic demand and dependence upon foreign equipment supplies coupled with the persistently low relative income generated by exports of raw materials make it impossible to expect any significant domestic production growth in the nearest future.