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It was saved, so following the results of the first quarter 1999 production volume
The industries was below first quarter 1998 level of all on 2
Percent, while backlog in the fourth quarter 1998 on
To comparison with the fourth quarter 1997 exceeded 8 percent. In April
1999 industrial output was already above last year's level
For 1.5 percent. Thus, if seasonally smoothed monthly average volume
Industrial production it will be saved at the reached level, following the results of
The first half of the year industrial production can exceed a little
Level of last year, and following the results of 1999 as a whole to be above last year's
Level for some percent.
One of the essential moments is that manufacture growth in
Current year it is accompanied by considerable recession of real wages and
Real incomes as a whole - approximately for 40 and 30 percent accordingly for
January-April, 1999 in comparison with January-April, 1998
The consumption volume (a turn of retail trade is accordingly reduced also for
The same period was reduced to 15 percent). Rupture between dynamics of incomes and
Consumption it is balanced by deeper recession of level of savings. So, on
To the data of Goskomstat accumulation of savings in contributions during first four
Months 1999 in comparison with the similar period of last year
It was reduced almost to a quarter, more than relative density has twice decreased
Expenses on currency purchase.
Rupture between manufacture and consumption has helped to compensate
Specification by Goskomstat of dynamics of investments into a fixed capital for the first
Quarter 1999 (other article compensating rupture between manufacture
And consumption, change of stocks and reserves, which, properly is
From the published data about volume and gross national product structure for 1998, in the past
To year were reduced). So under the specified data following the results of the first quarter
Investments were reduced in comparison with the first quarter of last year on 2.7
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