Top 10 sectors of economy that started running at full capacity

Jul 03, 2020

July 3, 2020, Moscow — Sberbank’s big data analytics and procession website has registered SME performance figures higher than in 2019 for the first time since the pandemic began.

Between June 22 and 28 business revenues added 1.5% y-o-y, which means that small and medium-sized businesses are recovering. This is partly due to pent-up demand, so it would take more data to prove the figure is stable.

As for the entire month of June, sports and entertainment were the only two industries with a downturn maintained above 50% y-o-y (-86.1% and -50.6%, respectively). Growing revenues are already being registered across several economic sectors. As many as three categories from the Top 10 list are IT-related (Software Development, R&D, and IT). They added an average of 22.3% y-o-y. Vehicle sales rank 10th with a 17.9% increase y-o-y.

Top 10 sectors of the economy performing better than in 2019 (%, y-o-y)

Vehicle sales 17.9%

R&D 20.4%

Manufacturing of textile products 20.7%

Software development 22.9%

IT 23.7%

Publishing 25.7%

Forestry and wood cutting 26.3%

Paper and paper product manufacturing 27.0%

Clothing industry 29.0%

Insurance 31.1% is an analytical website by Sberbank that illustrates how life in Russia has changed during the COVID-19 pandemic. Today, you can find three key indexes on the website, all of them based on anonymized data. These are an incidence model, the consumer activity index, and consumer activity changes. The all-new Business section features the evolution of gross payroll and change in small business activity. The website also has other studies, including all SberData lab ones.

SberData laboratory is a Sberbank initiative designed to process and analyze big data. After aggregating data from payment processors and publicly available sources, bank experts unveil the quantitative characteristics of socio-economic processes in Russia on macroeconomic and microeconomic levels. Only anonymized data is used for analysis, which means no particular customers can be identified behind it. The lab and its studies do not disclose personal information or any trade secrets.