Russia GDP Contracts 3.8% in Q4


Russian economy contracted 3.8 percent year-on-year in the fourth quarter of 2015, in line with the preliminary estimates, following a downwardly revised 3.7 percent drop in the previous period, final figures showed. The GDP shrank for the fourth straight period, dragged down by household spending (-12.4 percent from -10.4 percent in Q3), public consumption (-1.7 percent from -1.8 percent in Q3) and gross fixed capital formation (-6.0 percent from -11.3 percent in Q3). Imports fell 21.2 percent (-25.4 percent) while exports advanced 9.8 percent (-1.4 percent in Q3).

On the production side, manufacturing contracted 6.2 percent (-5.2 percent in Q3), wholesale and retail trade decreased 13.6 percent (-8.5 percent in Q3), construction fell 4.6 percent (-10.6 percent in Q3) and public administration and military security declined 1.3 percent (-0.9 percent in Q3).

In contrast, real estate and renting services advanced 1.4 percent (-1.9 in Q3), mining and quarring rose 1.4 percent (0.0 percent in Q3) and transport and communication edged up 0.7 percent (-0.1 percent in Q3). Agriculture production advanced 5.6 percent (+2.2 percent) and health care increased 0.5 percent (0.3 percent in Q3).
For the full 2015, the economy shrank 3.7 percent from a year ago. 

Russia GDP Contracts 3.8% in Q4


Yekaterina Guchshina | yekaterina@tradingeconomics.com
4/1/2016 2:54:41 PM