OREANDA-NEWS. In May 2016, the annual industrial output growth increased by 0.7% against May 2015 with exported goods taking the lead. This is indicative of the support the national economy has been receiving from the external demand. According to the Bank of Russia estimates, the annual rate of disinvestment into fixed capital in May slowed down.

This data is published in the analytical material posted on the Bank of Russia website.

Alongside the growth of industrial activity indicators, last May witnessed a higher annual rate of growth in real wages against the April statistics. This is due to a small increase in the growth of nominal wages with inflation being the same. This might have resulted from the indexation of wages which certain companies launched in 2016 Q2. Nevertheless, the population preferred to stick to the saving model of behaviour against the stable situation in the labour market.

According to the Bank of Russia, the annual rates of GDP fall in 2016 Q2 will be within 0.2-0.5% which fits the assessments published in the June issue of the Monetary Policy Report.