Russian GDP Growth Beats Expectations in Q4


The Russian economy advanced at a faster than expected 2 percent year-on-year in the last three months of 2013, up from a revised 1.3 percent expansion in the previous period. GDP growth in 2013 as a whole was 1.3 percent.

Year-on-year, financial activities rose the most (11.8 percent), followed by agriculture, hunting and forestry (10 percent). 

Wholesale and retail trade accelerated in the last quarter of 2013 and grew 2.6 percent, up from a 0.6 percent rise in the September quarter. Manufacturing production increased 3 percent (0.7 percent in the previous quarter) and real estate activities advanced 3.5 percent. 

In contrast, mining output slowed from a 1.2 percent expansion in the previous three-month period to a meager 0.1 percent rise in the last quarter of 2013. Construction shrank at a faster 3.1 percent. 

Russian GDP Growth Beats Expectations in Q4


GKS | Joana Taborda | joana.taborda@tradingeconomics.com
4/1/2014 12:53:16 PM