The 1450th AK&M Bulletin on Mechanical Engineering has been published

AK&M 25 November 2021 12:00

The 1450th issue of the bulletin "Branches of the Russian economy: production, finance, securities. Mechanical Engineering" of the AK&M News Agency.

In September of this year, Rosstat recorded continued growth in industrial production in three of the five engineering sectors in annual comparison. The production of other vehicles and equipment, as well as electronics, increased at the fastest pace. The deferred demand and the resulting shortage of a number of machine-building products allowed the Russian machine-building industry to demonstrate production growth for the eleventh month in a row. In October, the seasonally adjusted PMI index of Russia's manufacturing industries, which tracks the general market situation, rose significantly to 51.6 points from 49.8 points in September, showing an upward trend for the second month in a row. The pace of production growth was insignificant, but the highest since May amid reports of an increase in consumer demand and an increase in the influx of new orders.

The global car market in October decreased by 16.9% to 6.401 million passenger and light commercial vehicles. According to the results of ten months of 2021, the sale of cars in the world amounted to 66.981 million units (+8.5%), according to the data of the consulting company LMC Automotive. In Russia, sales of passenger cars and light commercial vehicles in October decreased by 18.1% to 126,204 cars. According to the results of ten months of 2021, the Russian car market amounted to 1.313 million cars (+10.5%), according to the data of the Association of European Businesses. In this regard, the head of the Ministry of Industry and Trade Denis Manturov told reporters that car sales in Russia by the end of 2021 will exceed last year's figures by 5-6%.

The value volume of exports of mechanical engineering products in January-September 2021 amounted to $22.77 billion, while the volume of imports of mechanical engineering products is 7.8 times higher — $176.85 billion. In annual comparison, the growth of export volumes for the first nine months is observed in all categories, both in absolute and monetary terms. The increase in the value of exports is also recorded in monthly dynamics in passenger cars. Also, according to the results of September 2021, there is a significant increase in imports for all items in annual comparison. In September, in relation to August, there is a noticeable decrease in the physical volume of imports of passenger cars.

Rostec has started the development of hydrogen-fueled aircraft engines. This was announced by the CEO of Rostec Corporation Sergey Chemezov. In particular, a project working group has been formed and development work has begun. Earlier, the general designer of the United Engine Corporation, Yuri Shmotin, reported that the company is considering two main technologies in the development of a hydrogen aircraft engine: direct combustion of hydrogen fuel in modified gas turbines and electrochemical conversion of fuel into electrical energy using fuel cells.

Read more about the results of the mechanical engineering market for September 2021 in issue No. 1445 monthly bulletin "Branches of the Russian economy: production, finance, securities. Mechanical Engineering" dated November 24, 2021.