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Outcomes of Social and Economic Development of Nizhniy Novgorod Region for the first 9 months of 2018

It's estimated that economic growth reached 102-103% in the region for the first 9 months of 2018.

Industrial Production Index reached 103.3%, including processing industries – 105.5%. In terms of volume of products shipped by the processing enterprises, the Nizhniy Novgorod Region takes the 2nd place in the Privolzhskiy Federal District, and among the regions of Russia – the 7th place (according to data for 8 months of 2018).

In the Nizhniy Novgorod Region, the construction housing complex is developed. In the first 9 months of 2018, 868.5 thousand square meters of housing was introduced, which amounted to 104.2% of the corresponding period of 2017. In terms of construction, the Nizhniy Novgorod Region takes the 4th place among the regions of the Privolzhskiy Federal District, and the 13th place in Russia (according to data for 8 months of 2018).

The volume of agricultural products of all agricultural producers in January-September 2018 amounted to 50.6 billion rubles. According to the results of 8 months of 2018, Nizhny Novgorod Region ranked 2nd place among the regions of the Privolzhskiy Federal District for the production of eggs (in Russia - 9th place) and 5th place in milk production (in Russia - 13th place).

The volume of retail turnover increased by 5,1%  for 9 months of 2018 as compared to same period of the previous year and amounted to 554 billion roubles.

The volume of investments in fixed capital by the full range of enterprises amounted to 96,2 billion roubles for the 1st half of 2018 and increased by 13,7% as compared to the same period of 2017. In terms of investment in fixed capital, the region takes the 18th place in Russia and the 2nd place in the Privolzhskiy Federal District (according to data for 8 months of 2018).

The largest investment activity is reported in the processing industry, where more than 40% of the total amount of investments was disbursed. The leading sectors in respect of investment attraction are metallurgical production, manufacture of vehicles and chemical industry.

According to the Bank of Russia, for the first quarter of 2018, the region received $ 171.5 million of foreign direct investment, which is 23% higher than last year. In terms of the volume of direct foreign investments, the Nizhny Novgorod Region is ranked 2nd in the Volga Federal District and 17th in the Russian Federation.