Production of major industries raised and some exceeded pre-WW1 levels.
Industry was slow to make progress and recovered only gradually. It failed to grow at the same rate as agriculture.The production of coal and textiles doubled.
Transport and communication gradually improved, with over 1000 new engines.
Some of the peasantry moved into other types of agricultural production.
The government budget deficit fell.
Electricity production improved dramatically.
Foreign trade failed to recover and only reached 0.25 of the 1913 level.
Everyday life began to return to normal.
Private savings remained low and this restricted money for investment.
‘Scissors Crisis’. By mid 1923 food prices were falling. Prices for manufactured goods were rising steeply.
The number of livestock began to recover.
By 1928 the Russian economy, if compared to other European economies was in a less favourable position that in 1913. This was due to the fact that Russia had been damaged not just by WWI but by the Civil war.
Harvests improved. This was partly due to the weather which was better in 1922 and 1923, but food supplies improved and prices began to fall.
Working hours were reduced and equal pay for women was introduced.
High unemployment in urban areas, as high as 16%. This happened because industry trying to be more efficient cutting costs.
The levels of nutrition in villages improved: standards of living rose slightly.
Industry began to invest in improved technology and productivity increased.
The peasants found that they had to sell more grain to buy manufactured goods. They reduced the amount of grain they sold forcing the price of grain up.
Agricultural technology remained primitive and did not improve.
The fact that the peasants were allowed to make profits resulted in the growth of the kulaks. This concerned the Party and this class was a barrier to their policies in the future.
Workers returned to the towns and factories.
Rural areas were dependent on NEPmen for supplies and for selling their produce.
The amount of land under cultivation increased by 50% between 1921 and 1927.
