China is losing momentum // Monitoring of the world economy

The main indicators of the Chinese economy in July showed a slowdown in growth after a temporary acceleration in June. Industrial production grew by 3.8% over the year against 3.7% a month earlier, while the figure increased by 0.38% month on month. At the same time, the production of “new energy” cars and solar panels … Read more

The decline in industrial prices so far slows down consumer inflation // Price monitoring

In July, compared to June 2022, producer prices of goods decreased by 2.2%, in annual terms, their growth rates decreased to 6.1% against 11.3% in June, Rosstat estimated. The deflation of selling prices in the industry is in line with the expectations of companies (see Kommersant of June 29) and has been observed for the … Read more

World food prices continue to decline // Infographics

The FAO Food Price Index continues to decline for the fourth consecutive month from the record highs recorded in March. In July, the average value of the index was 140.9 points, which is 13.3 points, or 8.6%, lower than in June. This is the sharpest decline since October 2008, according to FAO materials. It is … Read more

Bottom promises to be less deep // Economists improve estimates for CIS+ economies

Despite the deterioration in estimates of overall global economic growth this year, macroeconomic forecasts for the countries of the CIS+ region are improving. The decline in GDP, according to analysts surveyed by Focus Economics, is still expected in Russia, Ukraine, Belarus and Moldova. At the same time, the assessment of the contraction of the Russian … Read more

Industry sentiment confuses analysts // Monitoring of market conditions

In the current issue of the Commentaries on Government and Business bulletin, analysts from the HSE Development Center (CR) examine the results of market surveys by Rosstat of industrialists in June 2022 (see chart). Against the backdrop of a recession in the sector (caused by both supply and demand factors), depletion of stocks and expectations … Read more

Capital investments are falling with acceleration // Monitoring of investments

In May 2022, investment activity in the Russian economy continued to decline at an accelerating pace. This follows from indirect estimates made by CMASF analysts based on data on the supply of investment goods. The corresponding index, which is a weighted average of the indices of production (excluding exports) and imports of investment equipment and … Read more

The bottom of the fall is not yet visible // Monitoring of the conjuncture

In May 2022, the composite leading index (SRI, an indicator of economic activity calculated by the HSE Development Center) was minus 1.2%. For the second month in a row, its value is in the negative area. In May, however, a weak growth of the indicator was recorded after the April failure (see chart). The main … Read more

Communicationsmen are coming into fashion // Yulia Tishina on changes in investor preferences in the techno-environment

A crisis always shows where it is subtle and where it is strong. So, it turned out that in recent months, against the backdrop of a decrease in the capitalization of Russian Internet companies, including Yandex (from February to May, the decrease was 50.4%), Sberbank (minus 49.8%), Tinkoff (minus 50.2%) and Ozon (minus 37.1%), boring … Read more