Econ min: Industrial output rise to decelerate to 1.21.5% OctDec - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Econ min: Industrial output rise to decelerate to 1.21.5% OctDec

MOSCOW, Oct 16 (PRIME) Russias industrial output growth will slow down to 1.21.5% on the year in OctoberDecember due to weak dynamics of the figures included in the purchasing managers indices (PMIs) and continuation of the OPEC plus nonmember oil output reduction deal, the Economic Development Ministry said in a statement on Wednesday.

The figure for the third quarter grew by 2.9% year on year. At the same time due to the weak dynamics of the PMI indices and the continued OPEC plus oil output reduction agreement, deceleration of industrial output growth is expected at 1.21.5% on the year in the fourth quarter, the document read.

The Federal State Statistics Service said that industrial production growth accelerated to 3% on the year in September from 2.9% in August but was 2.7% in JanuarySeptember after 3% in the same period of 2018.

The ministry expects industrial production to rise 2.3% in 2019.

End

16.10.2019 18:15
 
 
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