Russian GDP Confirmed Up by 1.2% In Q3

In the third quarter of 2013, Russia's economy expanded by 1.2 percent over the same quarter of the previous year, in line with the preliminary release and the same growth rate as in the previous three-month period.
GKS | Nuno Fontes | nuno@tradingeconomics.com 12/31/2013 10:34:07 AM
Private consumption grew by 5.3 percent on an annual basis and was the main driver of overall growth. Government consumption edged up by 0.1 percent resulting in a final consumption expenditure rise of 3.9 percent.

Gross fixed capital investment fell by 0.9 percent, after a 4.7 percent rise in Q3 of 2012. Exports increased by 6.0 percent (up from 1.8 percent) while imports grew 3.8 percent (down from 10.5 percent).

On the production side, manufacturing, transport and communication accelerated to 0.5 percent and 0.6 percent respectively, recovering from a -1.2 and -0.1 percent contraction in the previous quarter. Agricultural production expanded 1.2 percent.

Russian GDP Confirmed Up by 1.2% In Q3