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Growth of Russia’s Industry Accelerates in April: State Statistics

27 May 2019

• 27 May 10:27

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Russia’s federal statistics agencyRosstatsaid on Thursday that industrial output grew 4.9% in April compared to the same month last year, news websiteZnakreported. The figure is an increase after 1.2% growth year-on-year in March, latest official data shows. The notable increase in industrial output comes as a surprise, as there was a consensus in expectations of economists surveyed by Reuters for a 1.5% growth. First-quarter GDP growth in Russia came inweaker than expectedslowing notably to 0.5% year-on-year in 1Q19, down from the strong 2.7% y/y seen in 4Q18 and 1.9% y/y in 1Q18. The latest data on the growth of Russian industry is likely to be. Read more...