Dynamics of Output and Consumption in H1 2019

Olga I. Izryadnova – Head of Structural Policy Department of the Gaidar Institute; Leading Researcher of the Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Nadezhda P. Volovik – Head of Foreign Trade Department of the Gaidar Institute; Senior Researcher of the Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Anastasia A. Lavrishcheva – Doktorand of the Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

In H1 2019, the development of the Russian economy was fraught with weakening dynamics of the main social and economic indices with its structural specifics determined by reduced contribution of the building and investment activities, trade and agriculture. The positive dynamics of the industry were underpinned by the consolidation of the role of the extractive industries. Amid the differences in the dynamics of various components of the foreign trade turnover, the contribution of net exports kept growing and it permitted to neutralize the negative effect produced by the shrinkage of domestic demand.

In the period under review, the consumer market was seriously affected by the trend of downturn in household real disposable cash income and slowdown of growth in real wages.

Key words: industry, capital investments, manufacturing industries, consumer demand, household income.