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the repair & installation of equipment) are to a large extent domestically oriented: Russia mainly imports machinery & equipment,” Isakov added.
The production of metals seemed to decelerate in February due to the base effect: in 2019, the growth in basic metals production accelerated to +3.8% y/y in February, from +0.2% y/y in January.
Both electricity & gas (-0.2% y/y) and water (-1.4% y/y) production were in the red, largely due to the fact that February this year was on average +4°C warmer than a year ago.
“At this point, the IP data does not seem to have been affected by the outbreak of Covid-19,” Isakov said.
41 RUSSIA Country Report April 2020 www.intellinews.com