OECD: Russia’s economic activity almost flat at 99.5 in May

MOSCOW, Jul 8 (PRIME) -- Russia’s Composite Leading Indicators, which measures economic activity, eased by less than 0.1 points on the month to 99.5 in May, the Organization for Economic Cooperation and Development (OECD) said in a report on Monday.

According to the OECD, the indicator has slowed down its monthly decline since November 2018 from 0.24% to 0.02%, while the annual decline remains at around 1.5% since the beginning of the year.

The OECD said it expects stable growth in India, Russia, Brazil and China’s industrial sector.

End