Cbank cuts capital investment rise outlook to 0.3–0.8% in Jul–Sep

MOSCOW, Sep 26 (PRIME) -- The Russian central bank has reduced the capital investment growth forecast for July–September to 0.3–0.8% from 0.5–1.0%, according to a report seen by PRIME on Thursday.

“The rate of growth of capital investments can amount to 0.3–0.8% in the third quarter of 2019, which means that it will be close to the levels of the first–second quarters,” the central bank said.

The leading indicators in August signaled a quite low growth of capital investments. Production and imports of investment goods were close to the levels of the same month in 2018 and a significant growth in construction materials traffic on the year was due to the base effect, the authority said.

End