Econ ministry says March GDP growth shrinks to 0.7% from 1.3% - 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 ministry says March GDP growth shrinks to 0.7% from 1.3%

MOSCOW, Apr 19 (PRIME) -- Russias gross domestic product (GDP) grew 0.7% in March compared with 1.3% in February, the Economic Development Ministry said in a report late Wednesday.

The ministry also adjusted January GDP to 1.4%. JanuaryMarch growth was estimated at 1.1%.

Previously, the ministry cut its February GDP estimate to 1.3% from 1.5% and the January estimate to 1.7% from 1.9%.

The March slowing down as compared to JanuaryFebruary was firstly due to a 9.7% decline in construction on the year (contribution to GDP is estimated at minus 0.3 percentage points) after nearly zero dynamics in JanuaryFebruary, the ministry said.

Besides, our estimate shows that wholesale and retail trade also made a significant negative contribution in March (minus 0.2 percentage points), the ministry said.

End

19.04.2018 08:24
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 75.3218 +0.4196 20 nov
USD 66.0081 +0.0150 20 nov
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1129.41 -0.55 11:24 20 nov
micex 2352.01 -0.92 11:24 20 nov
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 152.12 -1.28 11:07 20 nov
lkoh 4758.50 -1.80 11:07 20 nov
rosn 417.95 -1.45 11:07 20 nov
sber 196.08 -0.96 11:07 20 nov
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 75.0900 -0.1600 11:08 20 nov
USDTD 65.5200 - 11:08 20 nov