Wednesday, February 18, 2009

In Russia, half of idle production capacity.

Average rate of capacity utilization in Russia in January 2009 fell to 51 percent. This is the agency "Interfax" referring to the data Minpromtorga. Back in December, the figure was 56 percent.
New statistics Minpromtorga supplements Rosstat data, which promproizvodstvo in Russia in January 2009 fell by 16 percent in annual terms. This figure was the worst since October 1994.
Most downloaded in Russia in the production capacity of coke and petroleum products (74 percent), less - to the factories for the manufacture of vehicles and equipment (34 percent), as well as businesses, working with plastic (30 percent).
Minpromtorg also said that investment in fixed assets in January fell to 15.5 percent for the same period a year earlier and 72.2 per cent by December last year, RIA News. For comparison, in 2008 the volume of investments in fixed capital grew by 9.1 per cent to 8.6 trillion rubles.
The financial crisis in Russia since the fall of 2008, overage in the economic, led to the investors were to withdraw funds abroad, even though previously they preferred to invest in production within the country. In addition, many factories faced a sharp decline in demand for their products, thus were forced to halt production, start firing employees and reducing salaries. As a result, the number of officially registered unemployed by mid-February to mark the 1,8 million people.
According to the latest projections Ministry, in 2009, Russia expects GDP to fall 2.2 per cent, while promproizvodstva - at 7.4 percent.

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