Testing a Hexbear-like thread for sharing and commenting on news. Might become a weekly thing if people like it 👀

Rules:

  • Include sources in (at least) every top-level comment
  • No clearly fake stories
  • That’s it for now
  • Xibucks arrive on the third Sunday of every month
  • @KommandoGZD
    5•11 months ago

    Russia’s own economic figures show a steep drop in industrial output amid a record labor shortage

    the economy ministry said industrial output dropped 5% in April from the prior month

    The drop coincides with a historic labor shortage that’s weighing on factories. According to a central bank survey last month

    Russia’s unemployment rate dropped to a record low of 3.3%.

    Meanwhile, retail sales in April dipped 0.1% from the prior month, signaling weakness in consumer demand. Monthly GDP growth also slowed to 0.2% in April after accounting for seasonal adjustments.

    First-quarter corporate profits fell 22.3% year over year, while capital investments dropped to 0.7% from last year’s 13.8%.

    • @KommandoGZD
      7•11 months ago

      Just sharing, because this made big headlines on Reddit, when it’s obviously mostly cope.

      A 0.1% dip in retail sales? Wow.

      Record unemployment, still some GDP growth, labour shortages and falling corporate profits. This is still a whole lot better than even Europe’s primary economic engine, Germany, while withstanding a billion sanctions.

      It’s also iirc the exact inverse of eg Germany’s data. There GDP is shrinking, corporate profits, industrial output rising quite sharply and retail sales going down. Labour shortages are present too.

      • @Shrike502
        1•11 months ago

        I mean, there are issues with industry labor shortages. Although they seem to stem largely from the capitalist mode of production