Wednesday, April 22, 2009

The crisis brought statistics

The fall of Russia's economic progress, and quarterly state statistics cross hopes for a speedy recovery. The crisis has once again killed the Government's forecast of the unemployment and forced to accelerate the pace of falling investment. Companies no longer repay loans, increasing arrears

The crisis has closed the first quarter of Russia's economy is extremely sad statistics. Economic realities sent to landfill annual forecast of the Government of unemployment, incomes have fallen, but collapsed after the retail trade turnover, investment, accelerated its decline. Federal State Statistics Service reported that almost endemic reduction, reduction and falling figures. It is easier to find that "fell".

Every tenth already unemployed

Unemployment step in the country and the strides already in the I quarter has exceeded the official government forecast for unemployment in 2009 to 1.3%. According to Rosstat, the number of unemployed in Russia in January-March this year 9.5%, while authorities waited for the end of the year 8.2%.

The total number of unemployed on the methodology of the International Labor Organization has grown to 1.8 million people and reached 7.107 billion against 5.289 billion people of people in the previous quarter.

These figures for unemployment have been significantly higher than the preliminary estimates of monthly distributed Rosstat (in February, the total number of unemployed persons was estimated at 6.4 million people, while the unemployment rate - at 8.5% in January - to 6.1 million people and 8.1%, respectively).

Compared with the beginning of the summer of 2008 (which was fixed minimum rate), the number of unemployed in Russia grew by 3.0 million people - with the 4097 million people (at the end of May 2008) to 7.1 million people.

Officially, the status of the unemployed were registered in the I quarter of 2177 million people (compared with 1.522 billion people in the IV quarter of 2008), including 1.9 million people received unemployment benefits.

Revenue less

Unemployed is becoming more and incomes - are smaller. Real disposable (peeled inflation) cash income of Russia's population declined in March 2009 to 0.1% compared with March 2008. Overall, revenues fell by 2.3% in I quarter of 2008 (for the I quarter of 2008, real income grew by 8.0% compared with the I quarter of 2007).

Real wages fell in March by 5,7% compared with March 2008. Once this information is not very noticeable that, compared with February, in March it rose by 0.7%.

Next come the good news in the "nominal" terms. In this option, the average income rose in March 2009 to 13.3% by March 2008 and amounted to 15 thousand 280 rubles.

Nominal gross payroll per employee in March 2009 amounted to an average of 17 Russia 440 thousand rubles, which is 7.5% higher than in March 2008 and 2.0% more than in February 2009.

Buyers save

Reduced income and rising unemployment does not affect the slow turnover of retail trade. Its turnover in March fell by 4% compared with March 2008, and amounted to 1.13 billion rubles. During the quarter, turnover fell to 3.27 billion rubles - at 1.1% compared with January-March last year ..

Economy, according to statistics, at all. Sales of food fell by 1.6% (up to 1.59 trillion rubles), in particular food bought in March by 3,2% less than in March last year - at 555 billion rubles. Sales of non-food items in the I quarter decreased by 1% to 1.68 trillion rubles in March - fell by 5.1% to 575.4 billion rubles.

The fall accelerated investment

Saves not only ordinary buyers. Investment in fixed capital in Russia in March 2009 fell by 15.4% compared to March 2008. In nominal terms, the investment in March amounted to 502.8 billion rubles.

The drop in investment has been more significant than economists were expecting (consensus-forecast of declining investment in March, prepared "Interfax", amounted to 12,8%).

For I quarter 2009, a decrease of investment was 15.0% compared to same period in 2008 (including, in February - 14.1% in January - 15.5%). In the I quarter of 2008 recorded growth of investment in 23.6% of the I quarter of 2007, including in March 2008 - an increase of 23.1%.

Thus, the rate of investment falls after a slowdown in February, in March, again accelerated and reached a record rate of decline, which occurred in January.

Such dynamics, in principle, does not contradict the view that the collapse of the bottom was reached in January and the industry is still at the bottom "that moves the prospect of recovery in the industry for some time.

It was reported that in 2008 recorded the lowest growth rate of investment since 2002. Investment in fixed capital in Russia in 2008 increased by 9,1% (at the same time in December, has already been recorded decline in investment by 2,3% compared with December 2007).

Ministry expects that the fall in investment in Russia in 2009 will be 13.8%.

The consensus forecast of analysts, on the dynamics of investment in fixed assets (by Interfax at the end of March) for 2009 was minus 8.9%.

"Delay" is growing

Dialed credit the real economy have nothing to give. Overdue payables of enterprises and organizations grew in February at 1.9% compared with January to March 1, has reached 1 trillion 051.5 billion rubles to $ 1 trillion 029.1 billion rubles at the beginning of February 2009. Compared with February 2008, arrears increased by 28.7%.

At the end of February 2009 the share of overdue payables in total payables amounted to 7,8% in February, it has not changed.

The index of industrial production in March 2009. compared with the corresponding period the previous year was 86.3% in I quarter of 2009. - 85,7%.

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