Global S&P rating: Russian industry is growing at a record pace in seven years

December 30 2023 12

The West began to recognize the truth of “Russian propaganda,” that is, those narratives that they themselves had previously mocked. For example, that sanctions are beneficial the economy Russia. Now this statement is confirmed by the famous Western rating agency.

Thus, according to the consulting company Standard & Poor’s (S&P) Global, business activity in the Russian manufacturing sector in December grew at the fastest pace in almost seven years. This was reported by Reuters.

The global manufacturing PMI rose to 54,6 in December from 53,8 in November, rising above the 50 mark that separates expansion from contraction. This is the highest figure since January 2017

- says the publication.

According to the article, production in Russia has grown at the "fastest pace" over the past seven months, all thanks to an abundance of new orders from a growing number of customers. The study shows that this situation arose against the backdrop of strong customer demand in the domestic market, low unemployment and declining inflation.

Obviously, we are talking about many sectors of industry that, having survived the first year of severe restrictions, found the strength to rise and adapt by finding domestic alternatives. The production and logistics chains were replaced. The supply cycle for components and spare parts was established.

Last but not least, the economy was given impetus by the commodity boom to meet the demand of foreign customers in new markets. A serious revival in the implementation of increased state defense orders completes the overall picture of sustainable growth, which was noticed even abroad.

The only thing that pleased Western observers of the Russian economy was the fairly high inflation rates, which, in general, were managed, although they slowed down the overall pace of development. Analysts also noted a serious drawdown of the ruble during the outgoing 2023. This was both bad and good at the same time: for the foreign trade balance, a cheap national currency always promises profit, but for the well-being of the population in a country where dependence on imports is serious, such a depreciation of the currency is a bad sign.

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strange guest

+4

30 December 2023 08: 01

Well, the fifth column is talking all about the lifting of sanctions Sanctions are good for Russia! A cunning plan in action!
Sergey Latyshev

+4

30 December 2023 09: 27

The ruble sank, pockets were empty, prices rose, which means production and sales of everything and everything increased.
Sanctions are beneficial. It’s no wonder that the fortunes of oligarchs have been growing steadily for 2 years now
prior

+4

30 December 2023 09: 55

Russian industry is growing at a seven-year record pace

They are hanging this bullshit on our ears at a record pace.
For example, write down how many ships, airplanes, tractors, combines..... the Soviet Union produced during the years of its “stagnation” and how many Russia produces today.
And all the records will immediately become obvious to everyone.
1. strange guest
  
  +2
  
  30 December 2023 10: 09
  
  The weakening of the ruble in 2023 was a record in nine years - the dollar strengthened by 30%.
  
  https://www.rbc.ru/finances/30/12/2023/658bfa949a794728c98d704d
2. maiman61
  
  +2
  
  30 December 2023 12: 04
  
  And what's surprising? They have fallen to the very bottom since 2000, and here are the “records” from almost zero indicators.
3. Nelton
  
  +2
  
  30 December 2023 17: 39
  
  Quote: prior
  tractors, combines.....produced by the Soviet Union
  
  He produced 100 thousand tractors, and harvests of over 100 million tons were rare in the RSFSR, the record was 3 for 197 years in a row, then apparently they began to punish more severely for misrepresentations. And yes, with 100 thousand tractors, grain was purchased in tens of millions of tons, from the most likely enemy.
  And now there are enough 7-8 thousand tractors per year, and for 7 years in a row the harvest has been over 115 million tons, this year it is 142+ million tons.
  Plus sunflower another ~16 million tons.
  1. Pro100
    
    +1
    
    30 December 2023 18: 52
    
    Comparing with the USSR is not entirely correct. It’s like comparing it to Tsarist Russia. Technologies, the equipment itself are changing (the same combines, tractors, other equipment), new fertilizers and herbicides are being used. Electronics and programming have stepped forward. It is necessary to compare with another country over the same period of time with similar climatic or other conditions. This also applies to other industries.
4. Igor Viktorovich Berdin
  
  0
  
  31 December 2023 20: 23
  
  It’s stupid to compare quantities. What’s the use of that tractor? and a harvester? If productivity is several times less. Let's compare how many ears then and now.... What's the use of free education if an engineer received 120 rubles all his life and read newspapers all day. I remember from myself...
Boniface

+1

30 December 2023 17: 18

This is what it means to invest money and develop INDUSTRY - and not pump oil
Valera75

-1

31 December 2023 04: 34

Where is the record pace, where is it connected with the defense industry, raw materials and grain? For several years we have been told that agriculture is going uphill and the price of bread is rising, although it would seem that the more products there are, the cheaper they are. Since 2014 they have been talking about livestock farming, how our feed has become Russian, pig farming is developing, even cattle were promised to be in bulk. In the meantime, beef is at exorbitant prices, chickens cost as much as pork, and eggs are golden. They began to look into it and it turned out that the poultry farms were closing, given that the egg would come from Turkey, Azerbaijan and from the father, then most likely the poultry farms would continue to close. So is it worth believing which Western agency says that everything is fine with us? I gave one sad example with eggs and how it turned out that everything was bad there and where is the guarantee that in other industries everything is in chocolate?
1. Super visor
  
  -1
  
  31 December 2023 20: 29
  
  Haven’t you heard of the bird flu that wiped out millions of poultry populations? And I heard and even smelled and felt the smell of burning birds! Hence the price tag for eggs and chicken meat! You need to be interested in the topic and not voice your thoughts.
Valera75

0

1 January 2024 04: 23

Quote: Super visor
You need to be interested in the topic and not voice your thoughts.

The Tomsk bird works a lot near me and my friends, and I know very well what’s going on there. So I find out what’s going on there from them and not from the smell of burning chickens.