Moscow Increased Industrial Production Volume by 15%

Industrial production in Moscow for the first quarter of 2021 increased by 15 percent compared to the same period last year. According to the Head of the city’s Department of Investment and Industrial Policy, Alexander Prokhorov, the growth is due to an increase in the volume of the manufacturing industry, high demand for products for the service sector, healthcare, and telecommunications, TASS reports.   

Picture: RBC

“I cannot say that during the pandemic, the Moscow industry fell sharply. We received data for the first quarter, and the growth for the first quarter of 2021 compared to the same period in 2020 was 15 per cent,” Prokhorov said.

Prokhorov noted that none of the global industry leaders in Moscow was closed during the pandemic. According to him, the pandemic affected only those factories that were in a state of bankruptcy. Thus, their purchase by other players was either accelerated, or they were relocated to other regions.

According to the head of the department, the development of healthcare also has a positive effect on the general dynamics of the capital’s industry. Thus, for example, in comparison with January-April 2020, the production of medicines and materials used for medical purposes increased by 2.1 times. The volume of production of medical equipment has also doubled and the positive rates in the production of chemicals remain.

Ru-Main, 09.06.2021 

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