Page 42 - Russia OUTLOOK 2022

sector, which grew 10.9% y/y versus 9.0% in September, driven by an increase in the production of oil and gas (up 8.9% y/y), coal (9.1%) and other natural resources (7.8%), as well as an increase in associated services (up 30.1%), Sberbank CIB reports.
At the same time, growth in October slowed in manufacturing (to 4.5% y/y from 5.1%), the electricity, gas and heat sector (to 8.0% from 9.6%), and the water and waste management segment (to 6.3% from 11.7%).
Within the manufacturing sector, growth remained strong in categories including beverages (13.6% y/y), paper and paper products (9.4%), oil products (11.9%), drugs and medicine (29%), machinery and equipment (17.2%), and transport equipment excluding cars (18.7%).
Other segments registered a clear slowdown, including metals (output was flat y/y), metal products (up 2.7%), computers and electronics (down 12.6%), and cars (down 15.8%).
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