In May of this year, Rosstat recorded continued growth of industrial production in all five engineering sectors in annual comparison

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AK&M 12 July 2021 14:40

In May of this year, Rosstat recorded continued growth of industrial production in all five machine-building sectors in annual comparison. This is stated in issue No. 1430 of the monthly bulletin " Branches of the Russian economy: production, finance, securities. Mechanical Engineering " dated July 07, 2021.

At the same time, compared to April, the growth rate of production decreased slightly. The production of motor transport increased at the highest rate. The reason for the high growth rates should be considered the effect of a low base — in May 2020, the decline in production continued, although less deep than a month earlier. At the same time, the seasonally adjusted PMI index of Russian manufacturing industries, which tracks the general market situation, fell slightly to 49.2 points in June 2021 from 51.9 points in May, for the first time in five months being below the critical mark of 50 points. This indicates a slight deterioration in the business environment in the Russian manufacturing industries after the recovery observed since the beginning of the year.

The global car market in May 2021 increased by 33.7% YoY to 6.827 million passenger and light commercial vehicles. According to the results of five months of 2021, the sales of cars in the world amounted to 34.914 million units (+33.3%). China remained the world leader in car sales in May with an indicator of 2.022 million cars, 2.7% lower than a year ago. 1.593 million cars were sold in America — 43% more than a year earlier. The automotive markets of Western Europe increased by 72.8% to 1.127 million cars in May. Car sales in Eastern Europe amounted to 359.3 thousand units (+90.5%). In South America, local dealers sold 196 thousand cars, which is 2.6 times more than the result of a year ago. Among the world's largest car markets, it is also worth mentioning Japan, Canada and Korea.

The value volume of exports of mechanical engineering products in January-April 2021 amounted to $8.749 billion, while the volume of imports of mechanical engineering products is 8.4 times higher — $73.075 billion. In annual comparison, the growth of export volumes for the first four months is observed in all categories, both in absolute and monetary terms. Export growth is also recorded in monthly dynamics. Also, according to the results of April 2021, there is a significant increase in imports for all items in annual comparison. At the same time, the growth rate of imports exceeds the growth rate of exports on average. 

For a more detailed analysis, read issue # 1430 of the monthly bulletin " Branches of the Russian economy: production, finance, securities. Mechanical Engineering " dated July 07, 2021.