Macroeconomic environment in Russia
During 2013, the macroeconomic environment in Russia deteriorated significantly qith GDP growth slowing to 1.3% compared to 3.4% in 2012. Negative dynamics were also noted with regards to other important macroeconomic indicators:
- Industrial production growth which determines the workload for railway transport amounted to just 0.4% in 2013, compared to 3.4% in 2012. Low demand for products remained the main issue for industrial enterprises;
- Investment activity declined sharply. During 2013, the volume of investments into fixed assets decreased by 0.2%, following growth of 6.8% in 2012;
- Consumer demand weakened significantly, resulting in the slowdown of retail turnover growth to 3.9% in 2013, compared to 6.3% in 2012;
- Russian exports decreased by 0.9% following growth of 2.4% in 2012.
Growth of macroeconomic indicators of Russia in 2012-2013, % to previous year
* December vs December.