22.8 C
Moscow
Tuesday, June 28, 2022
spot_img

Up by 0.3% in real terms

(+19%) Furniture Production • Jan-Apr 2022/21

From January to April 2022, the furniture production volume in Russia reached 106.52 billion rubles. This represents a 18.93% increase to the corresponding period of the previous year in current prices, not adjusted for inflation.

Rising costs of raw materials and components all over the world contribute to the rise in prices for Russian-made furniture, too. If taking into account the furniture manufacturers’ price change (+18.65%) in the reporting period, the production volume dynamics in real terms, adjusted for inflation, amounts to plus 0.28%.

The furniture production in physical terms (units) raised at 8.1% year-over-year. The fact that production in units is growing faster than inflation-adjusted value indicates that manufacturers’ margins are shrinking, and that cheaper furniture is brought to the market in greater quantities.

The weighted average of the currency exchange rates were 84.0306 RUB for 1 USD, and 93.4605 RUB for 1 EUR in the current period under review.

The so-called operational production data provided here is a preliminary estimate, made by the Federal Statistical Service of Russia immediately after the reporting month. Statistical reports of a number of enterprises are sometimes delayed, which affects the estimation accuracy. That’s why this preliminary estimate is subject to change once the final annual report is ready and published by Rosstat. The updated numbers and most actual data shall be included into our extended Market Reports.

For operational data on specific furniture categories’ performance, you can also check our Key Indicators monthly slides.

SourceRosstat

Related Articles

(+20%) Furniture Production • Jan-Mar 2022/21

From January to March 2022, the furniture production volume in Russia reached 79.62 billion rubles. This represents a 20.2% increase to the corresponding period...

(+19%) Furniture Production • Jan-Feb 2022/21

From January to February 2022, the furniture production volume in Russia reached 49.12 billion rubles. This represents a 18.9% increase to the corresponding period...

(+22%) Furniture Production • Jan 2022/21

In January 2022, the furniture production volume in Russia reached 22.83 billion rubles. This represents a 21.5% increase to the corresponding period of the...

LATEST MARKET STUDY

spot_img

COVID-19 CASES

Russia
192,753
Total active cases
Updated on 27.06.2022 23:07
18,421,564
Total confirmed cases
Updated on 27.06.2022 23:07
380,943
Total deaths
Updated on 27.06.2022 23:07
17,847,868
Total recovered
Updated on 27.06.2022 23:07

CURRENCY EXCHANGE RATES

RUB - Russian Ruble
EUR
60.9451
USD
58.3750

Latest Articles