Processed and processed // Rosstat confirmed the rapid growth of industrial output

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In March 2023, industrial production, as predicted by market surveys, increased markedly, for the first time in the past year, going into positive territory compared to the corresponding period in 2022. Production is noticeably slowing down (against the background of a noticeable drop in revenues from the sale of oil, Rosstat hid data on its production), but growth in processing is virtually universal. Its main driving force in March was metallurgy and the production of petroleum products – against the backdrop of high export margins, refineries even postponed scheduled repairs. The current sentiment in the sector shows that growth will continue in the near future, but it is still difficult to talk about its quality, as well as sustainability.

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