Page 28 - RusRPTApr19

Russia’s industrial sector has been spluttering in 2018 and while it has made gains they are far below potential. The results have been weighed down by a number of factors; despite a controversial upgrade to 2.3% growth in 2018, growth was held back by the lack of private investment, soggy commercial borrowing and real incomes in Russia that fell again slightly in 2018, down for the fifth year in a row.
Russia’s manufacturing industry grew by 2.6% in 2018, Industry and Trade Minister Denis Manturov said during a working meeting with President Vladimir Putin on February 25.
28 RUSSIA Country Report April 2019 www.intellinews.com