Tiraspol, January, 22. /Novosti Pridnestrovya/. The Pridnestrovian Republican Bank (PRB) has published a brief review of industrial production for 2018. The total value of products manufactured by enterprises of the industrial sector amounted to 13 billion rubles, which is 8.5 per cent higher than last year.
The increase in production in comparable prices was recorded in all sectors, with the exception of the milling, printing and light industries.
Central Bank analysts associated a high industrial indicator for the year to the economy key sectors recovery, which lasted from June 2017 to June 2018.
At the same time, in the second half of the year, there is a downward trend in industrial production related to the “steel wars” of the USA, the EU and China, and other sanctions processes in the global economy. Thus, the volume of production in the first half of 2018 exceeded the figure for the next six months by 2.8 per cent. The second semester of this year, according to industrial indicators, was 10.5 per cent worse than the corresponding period of 2017.
PRB experts predict that such trends will continue in the coming months. The reason for this is “a high degree of unresolved external problems” and a “high base of the previous period”.
In the cumulative indicator structure of industrial production in 2018, almost two-thirds were electric power and ferrous metallurgy.
The Moldavian Metallurgical Plant (MMP) ended the year with a 10 per cent increase in comparable prices - about half a million tons were both steelmaking and commercial output of rolled products. A deterrent factor, however, was US protective duties on metals.
Power production increased by almost 10 per cent, reaching 4.43 billion kW/h at the end of the year.
Sustainable development was demonstrated by the food industry: for example, the production of meat and dairy products increased (by 26.9 per cent and 17.2 per cent, respectively), vegetable and animal oils (1.9 times and 1.2 times respectively), as well as canned fruit juices (7.5 times).
Chemical industry indicator have noticeably improved, helped by an increase in the production of polymer films, glass-reinforced plastics, synthetic resins and plastics.
Improved facilities of electrical enterprises and expanding sales markets have become factors in the growth of industrial indicators. Thus, the output of electric machines increased 1.8 times, electric motors - 1.2 times, layered electrical insulating materials - 1.6 times, cable products - 1.2 times.
Upward dynamics have also been recorded in mechanical engineering: there the main part was played by indicators of the production of technological equipment for the foundry industry and woodworking machines.
