[lbo-talk] RUSSIAN POPULATION: INCOMES GROW 9.8 PERCENT

Chris Doss lookoverhere1 at yahoo.com
Thu Jul 22 02:00:20 PDT 2004


RUSSIAN POPULATION: INCOMES GROW 9.8 PERCENT

MOSCOW, July 21 (RIA Novosti) - The Russian population's real incomes (those minus mandatory payments, adjusted to the index of consumer prices) have gone up over the past six months by 9.8 percent in comparison with the same period last year, reports the federal statistics service.

The real incomes went up in June 2004 in comparison with the corresponding period last year by 10.7 percent, in the second quarter by 7.2 percent.

The average wage this June, according to preliminary data, stands at 6,980 rubles ($1 equals 29 rubles) to increase by 25 percent in comparison with June 2003.

In May 2004, the average wage for employees in health services, physical training and social maintenance made 64 percent of its level in the industry, education, culture and art-57 percent each. In May 2003, these figures were correspondingly 59%, 54% and 56%.

The share of the losing enterprises in January-May 2004, in comparison with the same period in 2003, diminished by 2.1 percent to comprise 41.3 percent.

There is evidence that the balance financial result (profits minus losses) of organizations (without entities in agriculture, small business, banks, insurance and budget) in January-May 2004, is positive.

Thus, the surplus of the receipts over the losses amounted to 795.8 billion rubles ($27.7 billion): 43,600 companies gained profits to the tune of 906.6 billion rubles and 30,700 companies accounted for the losses worth 110.8 billion rubles. In January-May, 2003, the balance financial result was also positive and stood at 532.6 billion rubles ($17 billion) with the comparable circle of organizations.

Russia's foreign trade turnover, according to the methods of the balance of payments in April-May 2004, (actually in current prices) was worth $99,267 million, which is up from the figures of the corresponding period in 2003 by 24.7 percent.

The export then amounted to $64.851 million while the import to $34.416. In comparison with the corresponding period of 2003, they have grown by 25.4 percent and 23.4 percent.

Russia's foreign trade balance according to the methods of the balance of payments in May 2004 (in actually operating prices) made $20,800 million (603.3 billion rubles), having surpassed the figures of the same period in 2003 by 27.4 percent and gone down in comparison with April by 5.3 percent.

The incorporated export comprised $13.4 billion (387.5 billion rubles) and the import was $7.4 billion (215.8 billion rubles). This compared to the figures of May 2003 and April 2004, the export in May grew by 27.9 percent and shrunk by 5.8 percent while the import soared 26.4 percent and dropped 4.3 percent.

The foreign trade balance (difference between export and import) made $5,926 million for May, 2004 and $30,435 million for May-January, 2004.

__________________________________ Do you Yahoo!? Vote for the stars of Yahoo!'s next ad campaign! http://advision.webevents.yahoo.com/yahoo/votelifeengine/



More information about the lbo-talk mailing list