Russian Economy Advances 0.25% in Q2


Russian GDP advanced 0.25 percent on quarter in the April to June period. Growth figures for the first three months of 2014 were revised to show the economy stalled instead of a previously reported 0.3 percent contraction.

Agricultural production increased 1.38 percent on a quarter-on-quarter seasonally adjusted basis, recovering from a 1.87 percent drop in the first three months of 2014. The mining sector grew 0.75 percent in the second quarter of 2014 and construction rose 0.67 percent. Meanwhile, wholesale and retail trade increased 0.33 percent, following a 1.51 percent drop in the previous quarter. 

In contrast, manufacturing contracted for the second consecutive quarter by 0.21 percent and activities in restaurants and hotels shrank 0.37 percent. Financial activities decreased for the first time in four quarters by 4.3 percent and real estate fell 1.42 percent.

Russian Economy Advances 0.25% in Q2


Joana Taborda | joana.taborda@tradingeconomics.com
9/29/2014 6:50:20 PM