Photo: Alexander Korkka / RIA Novosti
Calculation methodology of index of industrial production Rosstat will be discussed at the scientific-methodological Council of the Agency in connection with the criticism of experts. About it reports “Interfax”.
July 16, Rosstat reported on the growth of industrial production in June at 3.3%, which is higher than analysts ‘ forecasts (2.3 percent). In may the indicator was at the level of 0.9 percent. Analysts noted that the overall index of industrial production was higher growth in certain sectors, which did not exceed three percent.
So, mining rose 2.3 percent year on year, manufacturing industry — 3.4 percent, providing electric energy, gas and steam at 2.5%, water supply decreased by 1.8 percent. As explained by the Deputy Director of the Center for macroeconomic analysis and short-term forecasting Vladimir Salnikov, if you weigh the numbers by activity, the average growth of the industry will be 2.8 percent.
Rosstat said that recorded in June, accelerating the growth of industrial production is associated with a number of seasonal factors and is not unusual. The Ministry said that the speaker was about the same as in 2018, and the particular highs or lows is not observed.
In the scientific-methodological Council, said that now officials at the meeting want to discuss aspects of the calculation of the index of industrial production, including through the values of indicators by types of economic activity. Then analysts can provide information about all stages of the preparation of the index methodology and explain the influence of such factors as seasonal and calendar. One of the key issues the Council will discuss the transition to the new base year and the consequences of this step for a correct comparison of data. While Rosstat is used as base 2010.
In may, Rosstat error, withdrew its April assessment of industrial growth. Then, the Agency has determined that the results were distorted due to incorrect data on the extraction of gas, provided one of the companies in Yamalo-Nenets Autonomous district.
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