Russia’s Industrial Output up 3.4% in First Four Months

Russia’s industrial production grew 3.4 percent year-on-year from January to May 2012, the Federal Statistics Service (Rosstat) reported on Monday.

Russia’s industrial output growth accelerated to 1 percent in May from 0.1 percent in April, excluding seasonal factors, Rosstat said.

Output in the mining sector increased by 2.2 percent in May 2012 after a 5 percent fall in April. Production in the manufacturing industries grew by 6 percent in May compared to the previous month after a 2.5 percent decrease from March to April.

Russia’s gross domestic product grew at an annual rate of 4 percent in the first quarter of 2012, matching its growth in the same period last year.


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