Russia's gross domestic product grew by 1.6 percent year-on-year in November 2019, easing from a revised 2.3 percent expansion in the previous month, mainly due to a slowdown in industrial production (0.3 percent vs 2.6 percent) and construction output (0.2 percent vs 1.0 percent). Meanwhile, retail sales rose at faster pace (2.3 percent vs 1.7 percent).
Leading Economic Index in Russia averaged 1.91 percent from 2005 until 2019, reaching an all time high of 9.90 percent in February of 2008 and a record low of -11.80 percent in May of 2009. This page provides the latest reported value for - Russia GDP YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Ministry of Economic Development
Leading Economic Index in Russia is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Russia to stand at 1.50 in 12 months time. In the long-term, the Russia GDP YoY is projected to trend around 2.30 percent in 2020, according to our econometric models.