Ministry: Russia’s fixed capital investment grows 2–3% in Apr–Jun

MOSCOW, Aug 1 (PRIME) – Russia’s capital investment growth slowed down to 2–3% on the year in April–June from 3.6% in January–March because of a fall in investment imports, the Economic Development Ministry said in a report on Wednesday.

“At the same time, the amount of construction works rose in the second quarter after weak results of the first quarter. Output of industrial goods of investment use continued growing steadily in April–June, and output rose in both the machine-tool building industry and in construction materials,” the ministry said.

In late June, the ministry worsened its outlook on the growth of fixed capital investments in 2018 in Russia to 3.5% from 4.8%.

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