The top 10 recovered sectors of the Russian economy

Ten sectors of economy in Russia in June, earned full force: increased revenue in June compared with June of last summer, follows from the data of the statistical service

among them is the leader of the insurance, clothing, paper industry:

insurance — revenue growth in June, up by 31.1% compared to June 2019;manufacture of clothing — by 29%;the manufacture of paper and paper products — by 27%;forestry and logging — 26.3%;publishing — by 25.7%;information technology — 23.7%;software development — by 22.9%;the manufacture of textiles — by 20.7%;research and development work by 20.4%;sales of commercial vehicles — by 17.9%.

In June, the revenue decline more than 50% from June of last year, remains in only two sectors: tourism (-86,1%) and sports and entertainment (-50,6%). Three business areas in the top 10 fully recovered connected with information technologies is a software development, R & d and information technology.

Quickly recovering small business, which in may recovered a turnover of up to 88% of pre-crisis levels.

on Friday, July 3 and published the index of business activity (PMI) in the services sector of the Russian Federation — the indicator increased in June to 47.8 points from 35.9 points in may and after the collapse to 12.2 points in April 2020, estimated by the international research organization Markit.

a reading above 50 indicates growth in economic activity, below 50 — on its decrease.

the PMI Index of manufacturing industries of the Russian Federation, reflecting the activity in production in June increased to 49.4 points from 36.2 points in may. Production and new orders rose for the first time in a year.

on Friday, July 3, was released in other countries. The index of business activity in the services sector China, the second largest economy in the world after the U.S., rose to its highest level in 10 years – from 55 points in may to 58.4 in June, the highest level since April 2010. The index of business activity in the Eurozone in June increased to a maximum of four months to 48.5 points from 31.9 points in may.