According to the flash estimate published by the Federal State Statistics Service (Rosstat) on 15 May, GDP grew 4.9% in the first quarter over the same period last year. The result represents a slight acceleration compared to the 4.8% expansion recorded in Q4 2011 and came in above market expectations that had the economy growing 4.1%. In addition, the result marks an improvement compared to the estimate published by the Ministry of Economic Development on 25 April, which had the economy expanding 4.0% in Q1. The government expects the economy to grow 3.4% this year. For 2013, the government sees economic growth accelerating to 3.8%.
GDP growth edges up in Q1
May 15, 2012
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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.