September brought business downturns

10/20/20 19:01

September brought business downturns

Production declined by 6.4% compared to August

Tiraspol, October, 20. /Novosti Pridnestrovya/. In September, the volume of industrial production in the republic declined by 6.4% compared to August. In total, there were produced goods worth 1 billion 38 million rubles.

Business downturns were also evidenced by the dynamics of the economic situation indices calculated by the Pridnestrovian Republican Bank on the basis of data obtained from surveys of large industrial enterprises.

Thus, Industrial Confidence Indicator fell to -11.5% (-6.8% a month earlier) in September. This is largely due to the return of restrictive measures that many countries have returned because of increase in the incidence of coronavirus. The manufacturing sector PMI ​​also dropped below the neutral mark of 50% and reached 42.9% after a three-month stabilization in the ​​positive range.

In January-September this year, the production volume amounted to 8 billion 835.2 million rubles, which is 1.1% more than the level of the same period last year. The main contribution was made by two structure-forming industries: ferrous metallurgy and power engineering. In other sectors, the total output was 10.7% lower than last year's level.

Speaking of September, the electric power industry demonstrated a decrease of 5% compared to August. However, in comparison with last year, there was an increase for the third month in a row, in September - by another 11.7%. In general, out-turn exceeded the level of the same period last year by 7.8% for three quarters.

Ferrous metallurgy also began to decline in September - by 13% compared to August 2020 and by 1.3% compared to September last year. While the results of the three quarters, on the contrary, are better than last year's by 13.4%.

Out-turn figures in the light industry exceeded the level of the previous month by 0.6%. However, due to the continued low demand in the markets of partner countries, this is 7.5% less than a year earlier. The results of the three quarters also show a 13% decline compared to 2019.

In September, building materials production after reaching the maximum intra-year marks in August yielded 5.4% to the level of the previous month and 0.4% to the parameters of September last year. The results of January-September also show a 14.4% decline against the backdrop of 2019.

Last month, the electro-technical industry yielded almost 11% to the August indicators, while the values of the base period last year exceeded 1.4 times. The results of the three quarters also turned out to be 3.6% better than the parameters of the nine months of last year.   

In mechanical engineering, output surpassed the level of the previous month by 9.9% in September, partly recovering from the August decline, but still yielding to the parameters of the base period (-23%). In general, the out-turn was 67.7% of the comparable level of the last year in January-September of this year.

Recovery was demonstrated by the chemical industry last month. So, after the minimum intra-annual marks formed in August, the September results were 1.3 times higher than the level of the previous month. The lag from the parameters of September last year decreased to 8.9% (against 43.2% a month earlier). Following the results of nine months, the industry managed to increase the output by 1.2%.

In September, food industry enterprises produced 8.6% less than in August. Since the beginning of the year, the output has decreased by 7.1%.

In September, out-turn in the flour-and-cereals industry was 3.6% less than the previous month parameters, but exceeded the level of September 2019 by 16.1%. In general, production exceeded last year's figures by 7.4% for the three quarters.

The printing industry, after increasing output in August, on the threshold of the academic year, demonstrated a decrease of 42.1% in comparison with the previous month parameters, but the results exceeded the level of last September by 22.7%. Since the beginning of the year, the production volume exceeded the level of the same period last year by 9.5%.

 

Также в рубрике

03/29/24 14:07
The Ministry of Finance summed up the results of the department’s activities in 2023. The meeting was held via video conference. The PMR President Vadim Krasnoselsky took part in the work. The reporting information was announced by Alena Ruskevich, the Minister of Finance.
03/26/24 19:20
Due to the blockade steps of Moldova, Pridnestrovie may lose up to $100 million this year
02/27/24 12:11
The corresponding changes to the republican budget were adopted in the second reading