Moscow and Beijing call for complete denuclearization of Korean PeninsulaRussian Politics & Diplomacy May 26, 14:35
G7 summit kicks off in ItalyWorld May 26, 13:55
Kremlin spokesman says Russia stands with UK in war on terrorRussian Politics & Diplomacy May 26, 13:13
Russia looks for traces of extra-terrestrial life forms on ISS surfaceScience & Space May 26, 13:04
Press review: NATO's anti-terror Trump card and US' Syrian civilian body countPress Review May 26, 13:00
Russia warns NATO against military buildup along eastern borderRussian Politics & Diplomacy May 26, 12:01
Russia to sell over 360 cutting-edge helicopters by 2030Military & Defense May 26, 11:37
Trump’s limo too big to fit through Royal Palace gates in BrusselsWorld May 26, 11:18
Russian ambassador says Paris remains important partner for MoscowRussian Politics & Diplomacy May 26, 10:20
MOSCOW, March 3. /TASS/. The Russian industry shows no signs of entering trajectory of sustainable growth, the Central Bank said in a statement on Thursday.
"Putting aside the positive impact of the weather factor in January, it should be recognized that industrial production is still far from achieving a sustainable growth. Although there is no deterioration of the situation either," - the regulator said.
The formation of stable industrial growth traditionally depends on external conditions and takes time, which is necessary to complete the ongoing structural changes in the economy, the regulator said
According to Russia’s Federal Statistics Service, in January 2016, industrial production increased by 0.4%. The Central Bank notes that net of seasonal factor the production grew by 0.6%, according to the document.
A slight increase in industrial output, taking into account the seasonal factor, has been observed for the second month in a row. However the dynamics of growth varied for different types of industry.
In January 2016, the processing sector showed a slight decrease, while in December 2015 the processing sector accounted for most of the growth in overall index of industrial production. The main factor in the growth of industrial production in January was the production and distribution of electricity, gas and water, the Central Bank said.