According to the index of economic activity published by the Federal Statistics Service (Rosstat), the economy added 5.7% in November over the same month last year. The result marked a notable deterioration compared to October, when activity grew 7.5% and, in fact, represents the slowest expansion seen since June. The trend remained stable though, with annual average growth remaining unchanged over the previous month at 5.4%. On 12 January, Prime Minister Vladimir Putin announced that the government estimates the economy to have grown 4.2% in the whole year 2011, slightly up from a previously forecasted 4.1% and broadly in line with the 4.0% expansion recorded in 2010. Currently, the government expects the economy to grow 3.7% in 2012 and 3.9% in 2013.
November economic activity moderates
December 15, 2011
Looking for forecasts related to GDP in Russia? Download a sample report now.
Russia Economic News
October 17, 2016
Industrial production shrank in September, falling at the fastest pace seen in 8 months.
October 7, 2016
Russian households were less pessimistic in Q3 thanks to falling inflation, the gradual recovery in real wages and the stabilization in the ruble.
October 5, 2016
Business activity in Russia’s manufacturing sector continues to show signs of improvement.
October 4, 2016
In September, consumer prices increased 0.2% over the previous month, which was up from the flat reading registered in August.
October 3, 2016
In August, Russian exports totaled USD 22.7 billion, which marked a 9.5% annual contraction (July: -17.5% year-on-year) and represented the softest decrease since October 2014.