Russia GDP Contracts 0.6% YoY in Q2


Russian economy shrank 0.6 percent year-on-year in the second quarter of 2016, following 1.2 percent fall in the previous period and in a line with preliminary estimates. It was the smallest contraction in six quarters, as manufacturing production returned to growth and wholesale and retail trade declined at a slower pace.

Manufacturing advanced 0.3 percent (-4 percent in Q1) and wholesale and retail trade decreased at a slower 1.2 percent (-2.5 percent in Q1). Meantime, construction fell further 9.5 percent (-1.6 percent in Q1); public administration and military security declined 1.9 percent (-1.8 percent in Q1), and transport and communication dropped 1 percent (-0.5 percent in Q4).

In contrast, real estate and renting services advanced 1.7 percent (+0.7 percent in Q1), mining and quarrying rose 0.3 percent (2.1 percent in Q1), agriculture production went up 2 percent (0.7 percent in Q1); financial activities increased 1.3 percent (1.3 percent in Q1); and production and distribution of electricity, gas and water rose 0.5 percent (0 percent in Q1). 

Russia GDP Contracts 0.6% YoY in Q2


Federal State Statistics Service | Yekaterina Guchshina | yekaterina@tradingeconomics.com
9/9/2016 2:46:40 PM