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Russia’s GDP grows by 1,4% in Jan-Sept 2013 - Minister of Economic Development

November 22, 2013, 4:58 UTC+3 NOVO OGAREVO
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NOVO OGAREVO, November 21, 22:53 /ITAR-TASS/. Russia’s GDP grew by 1.4 percent in the first nine months of 2013, the Ministry of Economic Development said on Thursday, November 21.

GDP growth in January-October is expected to be 1.2 percent as well. “October brought no positive changes,” Minister of Economic Development Alexei Ulyukayev said.

He said the projected annual growth was 1.5 percent.

The minister thinks that the situation in the Russian economy may start improving in November.

“In November we have a fast growing Purchasing Managers’ Index (PMI) of 50 percent. As a rule, this indicator reflects entrepreneurs’ attitude, the availability of stocks and prospects for a slight increase in production volumes,” Ulyukayev said.

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