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Russia’s GDP growth nears 5 percent in July-September – statistics

November 14, 2011, 19:17 UTC+3
In the reporting period, the country’s capital investments went up by 1.7 percent, as compared to 1.2 percent in the same months of 2010, the ministry noted
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MOSCOW, November 14 (Itar-Tass) —— The Russian Gross Domestic Product (GDP) increased by 4.8 percent in July-September 2011, as compared to the same period of 2010, the Russian Federal State Statistics Service said in its preliminary analytical report on Monday.

At the same time, the Russian Economic Development Ministry reported earlier that the country’s GDP, exclusive the seasonal factor, increased by 1.1 percent in the period under review, as compared to the 0.3-percent decline of the same months of 2010.

Russia’s GDP grew by 5.7 percent in September 2011, as compared to the same month of 2010, the Russian Economic Development Ministry said earlier in its report on the country’s social and economic development in January-September 2011. Besides, the GDP growth made up 4.2 percent in January-September 2011, the report said.

In addition, in July-September 2011, Russia’s industrial output went up by 0.7 percent, as against the 0.3-percent decrease of the same period of 2010, the ministry said in the report, adding that the indicator of July-September 2011 was smaller than that registered in this year’s April-June, when it grew by 1.3 percent.

In the reporting period, the country’s capital investments went up by 1.7 percent, as compared to 1.2 percent in the same months of 2010, the ministry noted.

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