Russian Economy Stalls for 2nd Straight Quarter

The Russian GPD stagnated for the second consecutive quarter in the last three months of 2014 as a rebound in manufacturing was not enough to offset a drop in mining and construction.
Joana Taborda | joana.taborda@tradingeconomics.com 4/9/2015 11:25:22 PM
On a quarter-on-quarter seasonally adjusted basis, construction declined by 1 percent and mining by 0.2 percent. Fishing contracted the most (-3.82 percent), followed by agriculture, hunting and forestry (-2.81 percent), 

In contrast, public administration, defense and social security posted the highest gain (1.8 percent), followed by financial activities (1.6 percent), manufacturing (1.2 percent) and wholesale and retail trade (0.7 percent).

Year-on-year, the economy advanced 0.4 percent in the last quarter of 2014, bringing full year growth to 0.6 percent, the lowest since 2009 recession. 

Russian Economy Stalls for 2nd Straight Quarter